With his appeal to moderate voters, North Dakota GOP Gov. Doug Burgum is emerging as a potential vice presidential pick for presumptive Republican nominee Donald Trump.
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Many American wheat farmers may face losses in 2024 due to a glut of foreign supply coupled with soaring equipment and labor costs amid high inflation, Reuters reported Wednesday.
Wheat prices are near their lowest point in nearly four years as supply from the Black Sea and Europe has unexpectedly flooded the market after three years of droughts draining reserves, hitting winter wheat farmers in the Great Plains particularly hard, according to Reuters. Costs for transporting and producing American wheat have soared compared to foreign wheat suppliers, with high inflation increasing costs for farm equipment, repairs and labor for farmers.
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A coalition of states has filed a legal challenge to President Joe Biden’s latest executive effort to forgive a portion of Americans’ student loan debt.
The lawsuit comes after Biden on Monday announced the plan, which the states in question say is an overreach of executive authority. The White House claims that Biden has so far canceled at least some of the debt for 4 million Americans, totalling $146 billion so far.
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