Farm-State Lawmakers Back Plan to Avoid Dairy Cliff

Play

Dec. 31 (Bloomberg) -- House Agriculture Committee Chairman Frank Lucas and Senate Agriculture Committee Chairman Debbie Stabenow are backing a short-term extension of a farm law that lapsed Sept. 30 as the Obama administration warns that without congressional action, retail milk prices could almost double. Bloomberg's Alan Bjerga reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)