WASHINGTON, June 25 (Reuters) - The White House threatened to veto the agricultural funding bill awaiting debate in the House on Tuesday, saying it would weaken regulation of the futures market and might force the furlough of meat inspectors, which would shut down meat processing plants.
In a statement, the White House said the bill provides too little money for the Commodity Futures Trading Commission, the overseer of the futures industry. As well, the bill rejects the food aid reforms proposed by the White House, skimps on funding for agricultural research and may deny help to needy families through the Women, Infants and Children nutrition program, it said.
It was the second time this month the White House opposed a House bill on agriculture. It also threatened a veto of the farm bill, which was defeated last week.