Senate passes a resolution advancing President Trump’s agenda

The Senate passed a resolution over the weekend that brings President Trump’s agenda one step closer to reality.

It is part of a bigger move that would help move forward the reconciliation process and could reauthorize important ag tax cuts.

Several amendments were voted down, including a measure that would have limited the impact of tariffs. Another amendment would have protected areas like SNAP.

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The news immediately caused a drop in equities and commodities, with soybeans down 20 percent in a matter of minutes.