The Trump administration told a federal judge it will provide only 50% of normal SNAP benefits during the shutdown, citing limits on available funds. The USDA plans to use its contingency fund but will not draw from other federal sources to cover the shortfall. Officials also warned that some states may need weeks or months to process the partial payments.
Claim 30% Off TipRanks
Trade AMZN with leveragePublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WMT:
- USDA to use contingency funds for partial Nov. SNAP payments, Reuters says
- Trump Trade: China to suspend some controls on rare earths
- Is Meme Stock Beyond Meat (BYND) a Buy Ahead of Earnings?
- Judge says Trump administration suspending SNAP likely unlawful, Bloomberg says
- Walmart Stock (WMT) Suffers as Death Toll from Listeria Outbreak Continues to Climb