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Old 05-14-2008, 06:50 PM
forexsavior forexsavior is offline
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Veto Override Likely

According to Republican Senator Charles Grassley the Congress will have the votes to override a Bush veto of the farm bill.
CongressDaily - Grassley: Congress Has Votes To Override A Farm Bill Veto

Quote:
Senate Finance ranking member Charles Grassley said today he has signed the farm bill conference report and will work to override a likely presidential veto, predicting that both chambers have enough support for an override. Grassley told Iowa reporters in his weekly teleconference that he is disappointed by the payment limitation provisions in the bill, but said they are better than current law. He also praised the bill's "long list" of other changes, including farm program and tax provisions that he wants enacted. Grassley expects the White House will not push Republicans to sustain the expected veto. If Bush does push support for the veto, cautioned Grassley, he should expect "very weak loyalty in the Congress from his own party."
It looks more and more like this bill is going to become law. I’m trying to dig up the actual language of the bill to find out the time frames the industry is going to get in order to comply with the law. I’ll have more tomorrow.
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