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The Latest Breaking News from SNAP

Congress created changes to food assistance. Here's what they mean

In an effort to avoid defaulting on the nation's loans, lawmakers created updates to SNAP, the nation's largest food assistance safety net. There are new work requirements as well as exemptions.

WEKU

The debt ceiling deal has reduced access to supplemental food plans. Here’s why that’s a false economy

Forcing already hungry people to get a job in order for them to receive food will send ripple effects across other government programs.

Fortune

Senate passes debt limit bill after marathon 11 amendment votes to avoid default

The bill goes to President Joe Biden’s desk before the United States would default on its debt

The Independent UK

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Biden and McCarthy’s debt limit deal went through – but there are winners and losers

Student debtors and SNAP recipients will pay a price

The Independent UK

CBO: Debt Ceiling Deal Means 78,000 More Able-Bodied, Childless Adults Could Get Food Stamps

New work requirements will target those over age 50, but the debt ceiling deal also loosens existing work requirements for those under age 50.

Reason

The debt ceiling fight was never about debt. It was about Republican power

In a democracy, this type of extortion should not be permitted – but Republican rule isn’t based on democracy

The Guardian - US

Anti-poverty groups and progressives blast work requirements for aid to poor Americans in debt ceiling deal

‘We shouldn’t be playing politics with programs that help Americans meet their basic needs’

The Independent UK

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Changes in Pandemic-Era Benefits Mean New Hardship for Millions

Ending the pandemic emergency increases burdens for people with long COVID.

Capital & Main

Anti-poverty groups and progressives blast work requirements for aid to poor Americans in debt ceiling deal

‘We shouldn’t be playing politics with programs that help Americans meet their basic needs’

The Independent UK

What It Really Costs to Be Middle-Class

Is being middle-class worth it? You be the judge, but here’s what the numbers say.

Kiplinger

Senators Want To Declare Fentanyl a National Security Threat

Plus: SCOTUS won't hear Reddit sex trafficking case, debt deal would increase spending on SNAP benefits, and more...

Reason

Changes to food aid in debt bill would cost money, far from savings GOP envisioned

A Republican attempt to expand work requirements for federal food aid in debt legislation moving through Congress would increase federal spending by $2.1 billion over 10 years — far from the cuts GOP lawmakers had envisioned

The Independent UK

9 Momentum Stocks to Buy Now

Want to ride the hot hand of the market? Consider these nine momentum stocks that are climbing the charts this year.

Kiplinger

What GOP got for pushing US to the brink

Republicans didn’t get most of what they sought in a bill they passed in April – though they did get some of it

Salon

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The Conversation

COVID-19 clawbacks, spending caps and a cut – what House Republicans got in return for pushing the US to the brink of default

House Republicans pushed the U.S. to the edge of a fiscal crisis because they wanted deep cuts in government spending.

Salon

CPC chair skeptical of debt ceiling deal

Jayapal, chair of the Congressional Progressive Caucus, criticized the deal's work requirements for aid programs

The Conversation

Debt ceiling negotiators reach a deal: 5 essential reads about the tentative accord, brinkmanship and the danger of default

President Joe Biden and House Speaker Kevin McCarthy on May 27, 2023, agreed in principle to a tentative deal that would raise the debt ceiling while capping some federal spending at current levels.

Salon

Debt ceiling deal slammed as "cruel"

"Hungry people are set to lose food while tax cheats get a free pass"

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France 24

Biden says US debt deal 'very close' as default deadline set at June 5

Work requirements for federal food aid recipients have emerged as a final sticking point in negotiations over the looming debt crisis, even as President Joe Biden said Friday that a deal is “very close.”

The Independent UK

Biden says debt deal 'very close' even as two sides far apart on work requirements

Work requirements for federal food aid recipients have emerged as a final sticking point in negotiations over the looming debt crisis, even as President Joe Biden says a deal is “very close.”

The Texas Tribune

More Texans would qualify for food stamps under a bill heading to Gov. Greg Abbott

The value of a household’s vehicles disqualified nearly 55,000 people seeking federal food assistance in 2022. House Bill 1287 increases the threshold of car values that lead to SNAP applicants being denied aid.

Evening Standard

Snapchat adds virtual nail polish and pets

The visual messaging app is also adding AI-generated wallpapers and backgrounds for subscribers

WEKU

3 ways to protect your money if the U.S. defaults on its debt

From social security payments to interest rates, a lot hinges on a debt-ceiling deal. Personal finance experts say you should prepare for a possible debt default as you would a recession.

StockNews.com

Is Snap Inc. (SNAP) a Buy?

Shares of Snap (SNAP), the social media darling of Gen Z, have taken a hit as the company is struggling with its widening losses amid the pullback in advertising spend. So, with a recession likely coming this year, is SNAP worth owning? Let’s try to gauge SNAP’s prospects by analyzing…

Fortune

D'Amelio family's big bet to change the creator economy

D’Amelio Footwear will test the power of TikTok virality and whether creator-made brands can carve out a profitable space in crowded retail categories.

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