House defeats farm bill in surprise move

A broad five-year farm bill went down to a surprise defeat in the House on Thursday when Republican conservatives revolted against the legislation, arguing that it would cost too much, while Democrats defected, saying it would not spend enough on their priorities. The agriculture sector stands to suffer the most from the bill’s failure. Without action later this year, American farmers will fall back to a 1949 law governing the industry, which could lead to steep price increases on items such as milk. http://www.washingtonpost.com/politics/2013/06/20/8d04ba3a-d9de-11e2-a9f2-42ee3912ae0e_story.html?hpid=z2