Political and Legislative
Congress Pressures Meatpacking CEOs Amid Rising Prices
The CEOs of several meatpacking companies are expected to come under tough questioning from lawmakers Wednesday at a House hearing where soaring food prices are likely to take center stage.
Households are facing a 40-year-high in inflation, which has put heavy political pressure on the Biden administration ahead of the midterms.
Biden and congressional Democrats have vowed to crack down on corporate consolidation and monopolistic practices in the private sector as one part of their effort to stop inflation — and the finger on Wednesday will be pointed at the meatpacking industry.
