Deal Reached: Inflation Reduction Act passes in the Senate
The highly debated Inflation Reduction Act passed in the Senate over the weekend. It approves $430 billion in spending aimed at reducing inflation, cleaner energy, and it includes billions for agriculture.
Senators stayed through the weekend to approve it, which includes $20 billion to fund climate-smart agriculture practices and $4 billion for drought-related funding. The money would be used to encourage farmers to reduce emissions and help control nitrogen loss.
The bill also includes more than $5 billion to help farm debt holders and those in underserved areas.
Because there were revisions in the Senate, the House will now have to vote again on Friday.