Senate Advances U.S. Farm Bill Toward Final Vote Tomorrow

The Senate voted 72-22 to advance a measure to set U.S. agricultural policy, with a vote on final passage scheduled for tomorrow.

The House last week passed the bill, 251-166. The measure would cost $956.4 billion over a decade. President Barack Obama plans to sign the bill, spokesman Jay Carney said last week.

The measure would reduce spending by $16.6 billion over 10 years, with half of that coming from cuts to food stamps, according to the nonpartisan Congressional Budget Office.

The legislation is H.R. 2642.

Before it's here, it's on the Bloomberg Terminal.