P.O.T.U.S signs Farm Bill that trims Food Stamps

President Barack Obama on Friday signed into law an agriculture spending bill that will spread benefits to farmers in every region of the country, while trimming the food stamp program that inspired a two-year battle over the legislation.

As he penned his name on the five year measure at Michigan State University, Obama said the wide-ranging bill "multitasks" by helping boost jobs, innovation, research and conservation. "It's like a Swiss Army knife," he joked.

But not everyone is happy with the legislation and Obama acknowledged its passage was "a very challenging piece of business."

The bill expands federal crop insurance and ends direct government payments that go to farmers whether they produce anything or not. But the bulk of its nearly $100 billion per year cost is for the food stamp program that aids 1 in 7 Americans. READ MORE