U.S. farm bill has cleared its final hurdle in the senate, and final passage is expected as early as Tuesday. The $1 trillion farm bill trims food stamps for the poor, expands federal crop insurance, consolidates agricultural conservation programs and ends direct payments to farmers.
As Washington fiddles over the fiscal cliff, a larger battle over inequality is being waged all over America, Reich writes.
At bankruptcy hearing, an MF Global executive said 'Mr. Corzine was aware' of misused customer funds. About $1.2 billion is still unaccounted for after the bankruptcy.