News

Senate passes $1 trillion farm bill, trims food stamps

Senate passes $1 trillion farm bill, trims food stamps

Photo: clipart.com

By Eric Beech

WASHINGTON (Reuters) – The Senate gave final congressional approval on Tuesday to a nearly $1 trillion farm bill that trims food stamps for the poor, expands federal crop insurance and ends direct payments to farmers, and sent it to President Barack Obama for his expected signature.

The Senate voted 68-32 to pass the sweeping bill, which is more than a year overdue after congressional negotiations bogged down on a host of issues, including the size of cuts to the food stamp program.

Last week the House of Representatives passed the legislation by a wide margin.

The White House has said Obama would sign the bill.

The Congressional Budget Office says the $956 billion legislation will save $16.6 billion over 10 years compared to current funding. Using a different scoring, congressional leaders put the savings at $23 billion.

About $8 billion in savings over 10 years comes from cuts to the Supplemental Nutrition Assistance Program, commonly known as food stamps, which accounts for nearly 80 percent of the bill’s spending. The program provides funds to about 47 million low-income people to buy food.

The food stamp cut was well below the $40 billion reduction advocated by the Republican-led House, but still double the amount originally supported by the Democratic-run Senate.

Recent Headlines

in National

TSA vows to close security gaps at U.S. airports

tsa

The new leader of the Transportation Security Administration said his top priority would be to close security gaps after an internal report showed 96 percent of undercover tests failed.

in National

Americans report improved health, better healthcare

healthcare

The study of more than 500,000 Americans found improvements in insurance coverage, access to primary care and prescriptions, and overall health since late 2013.

in National, Sports

Boston to blame for Olympic bid flop, says IOC’s Bach

boston

Boston was picked by the U.S. Olympic Committee to be the country's candidate for the 2024 Games but rescinded its bid in a spectacular U-turn on Monday after the city's mayor said taxpayers could not afford to host the event.

in Sports

Platini to run for FIFA presidency

platini

UEFA head Michel Platini announced on Wednesday his intention to stand for presidency of FIFA in place of Sepp Blatter.

in National

U.S. homeownership hits 35 year-low, renting in vogue

housingmarket

The drop in ownership underscores the damage inflicted on housing by the recession and the economy's subsequent slow recovery from the downturn.