An earlier version of this story referred to the Federal Food, Drug and Cosmetic Act in the sixth paragraph. It should have referred to Dietary Supplement Health and Education Act.
In an earlier version of this post, the headline misstated the progress of the talks.
An alert misstated the expected decline. Economists expected a 1.7% decline, not a 2.9% decline as originally stated.
This article had formerly linked to a report that put the cost of President Obama's proposal at $52 billion — the correct number is $52 million.
An earlier version of the story incorrectly identified Wayne Swan as part of the RBA. He is, in fact, Australia's Treasurer.