Many Nervous Over Economy

According to The Washington Post, across the U.S. economy, anxiety is rising about the potential for widespread disruptions after the November elections. That’s when a lame-duck Congress will have barely two months to resolve a standoff over taxes and spending. Mark Zandi of Moody’s Analytics predicts the lame-duck Congress will make a deal to rescind half the spending cuts and raise taxes for the wealthiest 2 or 3 percent of households — but leave everyone else alone.

The impending upheaval is a result of the George W. Bush-era tax rates that are scheduled to expire in December, along with a temporary payroll-tax holiday sought by President Obama. Last summer, Congress paired a debt-limit increase with 1.2-trillion dollars in across-the-board spending cuts over the next decade that almost no one wants to see happen. is dedicated to serving the agricultural industry in the Carolinas and Virginia with the latest ag news, exclusive regional weather station readings, and key crop market information. The website is a companion of the Southern Farm Network, provider of daily agricultural radio programming to the Carolinas since 1974. presents radio programs, interviews and news relevant to crop and livestock production and research throughout the mid-Atlantic agricultural community.