Tags: Obama | drought | ethanol | farmers

Obama Pledges All-Out Response to Drought

Saturday, 11 Aug 2012 07:16 AM

 

President Barack Obama is pledging a wide-ranging response to the worst drought in a quarter-century.

In his weekly radio and Internet address, Obama says his administration is giving farmers and ranchers access to low-interest emergency loans, is opening more federal land for grazing and is distributing $30 million to get water to livestock.

Obama says Congress needs to pass a farm bill to ensure a long-term solution.

Lawmakers have asked Obama to relax ethanol production targets, citing low corn supplies and spiking prices. An Obama spokesman says officials are keeping a close eye on corn yields but have made no decision.

In the Republican address, Sen. Roger Wicker of Mississippi says Obama should work with Congress to avoid $110 billion in automatic spending cuts required by a deficit-cutting plan.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved