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Congress reaches compromise on ethanol subsidy

WASHINGTON — Key US lawmakers Thursday reached a compromise to cut subsidies for ethanol, which would revamp a policy that has come under heightened scrutiny for diverting large amounts of corn to fuel and impacting food prices. Democratic Senator Dianne Feinstein of California said the agreement with two farm state…

Ethanol subsidy caused corn price surge

WASHINGTON — US ethanol subsidies pushed up corn prices as much as 17 percent in 2011, according to a study released Wednesday at a time when Washington’s policies on biofuels are coming under heightened scrutiny. The study by Bruce Babcock of Iowa State University and released by the Geneva-based International…

Some states suing feds also claim health subsidies

Some states suing to overturn health care law also line up for its retiree subsidy More than half a dozen states suing to overturn President Barack Obama’s health care law are also claiming its subsidies for covering retired state government employees, according to a list released Tuesday by the administration.…

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