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Now, what's going to happen is the farm bill is supposed to expire at the end of this year, along with everything else. there had once been hopes it would be included in a grand bargain with the house and the senate. but the senate was working on one bill, house was working on another type of bill. they never agreed. that's out of the picture. the problem is, the existing farm bill has a clause in it that if it is not renewed, if there is no new farm bill passed, prices will revert to the subsidy structure that existed in 1949. it was double the amount of subsidies that exist today. the price ...

3.65 a gallon here in the united states. if this bill isn't passed, prices could increase more than 100 going up, from the average percent it is right now. there's worry this agricultural bill may not be passed and push ever over the so-call -- so any price hike could definitely impact a family's budget, and you willy how much they spend on groceries. >> just a short time ago, the white house called on dockworkers to continue to -- what's the impact? >> balely time is running out that could prevent containers carrying goods too and from the us.

>> in response, a spokesman for the speaker said senator reid should talk less and negotiate more. the house will be in session sunday. the house g.o.p. leadership says the lines of communication remain open and we'll work with colleagues to avert the largest tax hike in american history and address spending. at this point, speaker boehner remains in ohio. the house will be coming back on sunday. >> trace: molly henneberg, thank you. then there is the dairy cliff. by next week we could be paying 7 bucks a gallon for milk. the price could jump to more than twice the current average, $3.65 a gal...

Participation would be entire tirely optional. patti ann: yet another fiscal cliff concern. the price of milk, if congress doesn't take action before new year's day the price could more than double. dominic di-natale is live in los angeles right now to explain for us. hi, dominic. >> reporter: hi, patti ann. milk could reach eight bucks a gallon. currently $3.65. a bill that covers billions of dollars in agricultural subsidies. if they don't do that government will have to buy up massive quantities of milk because of outdated 1949 law. they could sell their milk directly to the government firs...

Lost in that brouhaha of what's going on between the obama administration and republicans over the fiscal cliff and the budget wranglings, and there is believe it or not an impasse over a farm bill that covers billions in agricultural programs and without last minute action they would have to follow a 1949 farm law that would force washington to buy milk at wildly inflated prices which therefore means we would have to pay the wildly inflated prices as well when we go to buy milk at the supermarket. now it costs an average around 3.65 a gallon. if we go to up $6 or $8 it will hurt. >> and if th...