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Supercommitte's Failure Scuttles $23 billion in Farm Bill Cuts
The chairs of the Senate and House Agriculture committees said in a statement released Monday that the supercommittee’s failure to find ways to cut the federal budget deficit by $1.2 trillion over 10 years scuttles efforts to find $23 billion in farm bill savings.
“House and Senate Agriculture Committee leaders developed a bipartisan, bicameral proposal for the Joint Select Committee on Deficit Reduction that would save $23 billion,” Rep. Frank Lucas (R-Okla.) and Sen. Debbie Stabenow (D-Mich.) said in a joint statement. “However, the Joint Select Committee’s failure to reach a deal on an overall deficit reduction package effectively ends this effort.”
The plan was never publicly released. Lucas and Stabenow said their committees will now work on crafting the 2012 farm bill.