Friday, June 17, 2011

$5 billion-a-year ethanol subsidy nearing its end? (Obama threatens a veto)

$5 billion-a-year ethanol subsidy nearing its end? (Obama threatens a veto): "The White House issued a statement saying it was against a full repeal of ethanol subsidies, indicating it could use its veto power if the amendment continued to advance in Congress.

'We need reforms and a smarter biofuels program, but simply cutting off support for the industry isn't the right approach,' said Agriculture Secretary Tom Vilsack.

(Excerpt) Read more at msnbc.msn.com ..."

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