retail news in context, analysis with attitude

Politico reports that “Senate Democrats say they are on the brink of passing a sweeping food safety overhaul the House approved more than a year ago - but Sen. Tom Coburn (R-Okla.) is set to block a final push from the Health, Education, Labor and Pensions Committee to reach a consent agreement on the bill ... Coburn's office confirmed to Politico on Tuesday that the Republican is objecting to moving forward with the bill on the grounds that it will add to the burgeoning federal budget.”

According to the story, Majority Leader Harry Reid (D-Nev.) told reporters Tuesday he believed the bipartisan legislation - which gained momentum over recess as thousands of Americans fell ill from more than half a billion contaminated eggs - could pass within the next 24 hours. Sources close to the situation say committee staffers are working to fashion an agreement acceptable to the Oklahoma Republican.”

Politico writes that “the pending legislation would give much-needed updates to a food regulatory system that is nearly a century old, granting the Food and Drug Administration recall authority. It would also impose stricter rules on mandatory inspections, trace-back protocol, access to company records, and whistleblower protections.”
KC's View:
I’m a cynic. I figure nothing gets passed until after the midterm elections.