The OMB budget proposal serves as a guide to Congress for what the president would like to see instituted. The last time Congress passed a budget before the fiscal year deadline was 1996.
The new rule comes after the Trump administration directed the USDA to "empower individuals to seek employment and achieve economic independence, while reserving public assistance programs for those who are truly in need."
Texas' sustained economic growth continues as the Lone Star state outpaces the rest of the U.S. during the second quarter.
Texas farmers have been reeling from tariffs, but these federal handouts and the potential USMCA passage has alleviated some of their concerns.
The USDA's subsidy handout authority reached $28 billion. The new bailout extension adds another $30 billion the USDA can give to farmers in the wake of the trade war with China.
