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Kevin Van Trump has over 20 years of experience in the grain and livestock industry.
It might be over, the short-term nature of the agreement in Washington has investors wary of another standoff in just a few months. As for now the Washington drama officially ended with Obama signing a bill that both the House of Representatives and Senate passed to reopen the US government and extend the country's borrowing limits beyond the current $16.7 trillion level. From what I hear Federal workers who have been on temporary leave are expected to begin returning to work today. For what its worth 87 Republicans joined 198 Democrats in voting for the bill in the House. It was reported that all 144 "no" votes were from Republican side of the fence. Basically all the NEW bill does is fund the government through Jan. 1 and suspends the nation's debt limit through Feb. 7. I suspect the phrase "simply kicking the can further down the road" will be used a lot today. Bottom-line, it seems that we’ve entered a new world order where more "extreme" political chaos is becoming standard operating procedure.
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