President Signs $121 Billion Farm Bill

Yesterday, President Obama signed the Agriculture Appropriations bill into law. The $121 billion measure includes $58 billion for food stamps -- a 7% increase from last year (or roughly a 19% increase, when funding from the ARRA are included). The bill also increase Aid to school and child care nutrition programs by 13% to $17 billion, and $350 million in emergency aid to milk farmers.

Absent from the bill is most of the cuts proposed in the President's budget.

This is the second appropriations bill signed by President Obama so far this year.

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Congress Should Avoid a Costly End-of-Year Package

With debt nearing record levels, interest payments surging, and major trust funds approaching insolvency, Congress should avoid worsening our already unsustainable fiscal situation during the Congressional lame duck session. Instead, lawmakers should begin making progress on the debt either by enacting savings or implementing process reforms.

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