Farm Bill Update: Veto Threatened

A final agreement brokered by congressional leaders on a nearly $300 billion farm bill still faces a significant hurdle, with the Bush administration saying it would likely veto what it called a "massive, bloated" measure, The Post's Dan Morgan reports today.

It is likely the bill will reach the House and Senate floors next week for votes that could test the depth of its support.

The Bush administration has pressed Congress to cut farm subsidies sharply in the wake of soaring food prices and record farm profits or face the veto pen.

A 2006 Post examination into government spending for agricultural subsidies identified more than $15 billion in wasteful, unnecessary or redundant payments.

By The Editors |  May 9, 2008; 4:50 PM ET Farm Subsidies
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