U.S. House passes long-overdue farm bill

By Eric Beech WASHINGTON (Reuters) – The U.S. House of Representatives passed a nearly $1 trillion farm bill on Wednesday that cuts food stamps and ends a direct subsidy to farmers, while expanding government-backed crop insurance programs. A vote in the Senate could come as early as next week and the bill is expected to pass. The leaders of the House and Senate agriculture committees have said they expect President Barack Obama will sign the bill. The Congressional Budget Office, using a different measurement, has estimated savings of about $16 billion over a decade.

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