- Is Congress getting functional? Negotiators from the House and Senate have agreed to a five-year farm bill that would save up to $24B over the next ten years by reducing spending on food stamps by $8B and ending direct payments to farmers. That's the third bill that legislators have negotiated in recent weeks.
- However, the cut in food stamps is much lower than the $40B initially sought by House Republicans and won't make too much of a dent in the total bill, which hit a record $76.1B in fiscal 2013.
- The House is due to vote on the measures by tomorrow and the Senate next week.
Congress forges deal on farm bill
Jan 28 2014, 04:02 ET