Five things to know about the massive farm bill
The billdownsizes food stamp aid while preserving farm subsidies. It targets SNAP funding at about 800 million in cuts amid a 100 billion annual program, with other funds flowing to agriculture subsidies and environmental land protections. The measure advances toward presidential approval after House passage and Senate momentum.
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Yellen sworn in as Fed chair in Washington DC
Yellen became the first woman to lead the Federal Reserve succeeding Ben Bernanke who leaves to join Brookings. The new chair inherits a stronger economy and faces unwinding stimulus with careful pace to avoid unsettling markets and sparking rate rises.
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