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The Latest Breaking News from SNAP

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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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.

The Conversation

CPC chair skeptical of debt ceiling deal

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

Salon

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.

The Conversation

Debt ceiling deal slammed as "cruel"

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

Salon

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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.”

France 24

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 Independent UK

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.

The Texas Tribune

Snapchat adds virtual nail polish and pets

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

Evening Standard

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.

WEKU

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…

StockNews.com

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.

Fortune

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The Guardian - US

Republican debt ceiling plans could see most vulnerable Americans lose aid

GOP attempt to add work requirements to safety net programs such as Medicaid and Snap could harm families already struggling

Salon

GOP work requirements target people 50+

Many Americans in their early 50s take care of older loved ones

Salon

Could SNAP requirements limit food aid?

"Our findings support . . . concerns that expanding SNAP work requirements would sever food assistance benefits"

The Conversation

GOP's proposed expansion of SNAP work requirements targets many low-income people in their early 50s – but many of them already work

The Research Brief is a short take about interesting academic work.

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The Texas Tribune

Texas cotton farmers leading the charge for more government insurance to cover climate, inflation challenges

The federal Farm Bill is must-pass legislation that Congress debates every five years. It includes billions of dollars in farm subsidies and pays for food assistance programs.

The Independent UK

New work requirements for federal aid? GOP pushes proposals in debt talks

Work requirements for federal aid programs have emerged as a sticking point in ongoing negotiations over raising the nation’s debt ceiling, and President Joe Biden has signaled openness to a possible compromise even as many in his party have balked

Roll Call

Party leaders optimistic as debt limit negotiators get to work - Roll Call

Negotiators tapped by President Joe Biden and Speaker Kevin McCarthy to hash out a debt limit compromise were racing against the clock.

The Guardian - US

‘I can’t afford groceries’: why one-third of US college students don’t have enough to eat

There are now around 800 food pantries on US college campuses, and demand is growing as pandemic-era resources end

Salon

The hidden challenges of SNAP food aid

"The policy . . . does make Americans who could use help buying groceries less likely to get it"

The Independent UK

As public health emergency ends, pandemic-era support programs have already been fading away

The formal end of the national Public Health Emergency on Thursday is largely a symbolic and psychological step, representing the country’s formal emergence from the COVID-19 pandemic

Wales Online

Snapchat users say they’re deleting app after introduction of new AI chatbot

"I'm gonna uninstall Snapchat, and delete this AI whilst I'm at it"

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