Washington Stalemate Could Mean Higher Grocery Prices

The stalemate in Washington could mean higher grocery prices.

With Congress locked up over the budget and debt ceiling, its unlikely lawmakers will pass a new Farm Bill.

That could mean sharply-higher prices for milk, cheese and butter.

If a new Farm Bill isn't signed into law by Jan 1, the US Department of Agriculture will revert back to 1949 laws.

The government would have to pay more for dairy products, and would be forced to drive up the cost for everyone.