Rural lawmakers worried that $9 billion in annual federal crop insurance subsidies are an easy target for spending cuts in any deal to avert the "fiscal cliff" are shopping around for a late compromise on a farm bill to protect them.
The farm-state leaders hope that if they can strike a deal on a farm bill, it might be included in a broader package to undo tax increases and spending cuts scheduled to automatically kick in next year. But the leaders hit an impasse this week, just as President Barack Obama and Republican House Speaker John Boehner did in their negotiations.
The Senate and House agriculture bills preserve crop insurance subsidies and create new crop insurance programs.
The White House in the past has targeted the insurance program for cuts.
Most Popular Today
Woman Stands Up to Cyber Bullies After Man Calls Her 'Too Muscular'
Midco Rated Third For Speed By Netflix
Casino Going In To 85th And Louise Strip Mall
- 4.Your Money Matters
Local Companies Affected By Chinese Downturn
Former School For The Deaf Campus Has New Buyer
Website That Spoofs Dropbox Shutdown
CenturyLink Bringing Broadband to 15,000 Rural SD Households
Shop Dog Launches Line Of All-Natural Treats
- 9.Your Money Matters
Late Start & School Supplies
Stocks Open Sharply Higher After Slump