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.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published 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
