The Presidential Daily Brief

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  1. House Slashes $40 Billion From Food Stamp Programs

    Just days after the U.S. Congressional Budget Office warned of rising deficits as baby boomers begin drawing from Social Security, Medicare, and Medicaid, deficit-conscious House Republicans took aim at curtailing a program they felt had grown too big: food stamps. The proposed $40 billion in cuts may take only a small bite out of the federal deficit, but Democrats were quick to point out that the bill would mean removing nearly four million people from the food stamp rolls at a time when poverty numbers are close to their highest levels in decades. Though the Senate has promised that the bill will be dead on arrival, it is not without consequences: it could preclude the passage of a new five-year farm bill, usually a fairly routine Congressional legislative move.

    Sources: Politico, WSJ (sub), NYT

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