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>> SPENDING CUTS Latest News

JAN 28, 2014 - The Week

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10 things you need to know today: January 28, 2014

1. Republicans and Democrats strike a farm bill dealHouse and Senate negotiators reached a deal on the long-delayed farm bill on Monday. The agreement would reduce spending on food stamps by $8 billion over a decade, or $800 million per year. That program had been a sticking point, with the GOP-led House originally passing $20 billion in cuts while the Senate, controlled by Democrats, wanted just $4.1 billion in reductions. The deal also slashes $19 billion from farm subsidies. House GOP leaders plan to bring the bill to a vote on Wednesday. [The Washington Times, NBC ... Read More

Tags: 10 things you need to know today: January 28, 2014,  Spending Cuts Latest News