Lawmakers reach tentative agreement to keep milk prices down
There's still no deal on the fiscal cliff, but lawmakers have reached a tentative agreement to keep your milk prices from going up in the new year.
Democratic Senator Debbie Stabenow said Sunday that the House and Senate have developed a short-term farm bill extension that lawmakers said would last one year.
But, so far, it's unclear when the House will bring the measure to a vote.
If the measure isn't passed before Jan. 1, the formula for calculating the price the government pays for dairy products defaults back to a 1949 statute.
Under that formula, the government would be forced to buy milk at twice today's price driving up the cost for everyone.