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28.08.26 - 04:54
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States Race To Cut Food Stamp Errors Before Penalties Kick In (ZeroHedge)
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States Race To Cut Food Stamp Errors Before Penalties Kick In
Authored by Sylvia Xu via The Epoch Times,
States are racing to reduce faulty payments to food stamp recipients, in a bid to avoid penalties included in the signature budget bill passed by Republicans last year.
Starting in October 2027, states with payment error rates of 6 percent or higher must cover 5, 10, or 15 percent of SNAP benefit costs, depending on the payment error rate.
Even though the deadline is more than a year out, enrollment in the program has dropped by more than 5 million recipients as a result of the stricter rules, according to Agriculture Secretary Brooke Rollins.
Forty-one states and the District of Columbia made improper payments of more than 6 percent in 2025, according to the Department of Agriculture. Nearly half of states will have to pay more than $100 million in penalties, according to publicly available federal data.
Just nine states fell below the 6 percent error threshold in the 2025 fiscal year: Ida...
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27.08.26 - 13:12
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Hormel Foods Corp Bottom Line Falls In Q3 (AFX)
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WASHINGTON (dpa-AFX) - Hormel Foods Corp (HRL) announced a profit for third quarter that Drops, from last yearThe company's bottom line came in at $59.57 million, or $0.11 per share. This compares......
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27.08.26 - 07:24
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Deutsche bei Zuckersteuer auf Getränke uneins (DPA-AFX)
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BERLIN (dpa-AFX) - Die deutsche Bevölkerung ist sich in der Frage, ob es eine Zuckersteuer auf Getränke geben sollte, uneinig. Laut einer Umfrage des Meinungsforschungsinstituts YouGov im Auftrag der Deutschen Presse-Agentur sprachen sich 43 Prozent der ......
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26.08.26 - 22:42
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Wheat Futs Surge To Three-Year High As JPMorgan, HSBC Warn Global Food Shock Is Brewing (ZeroHedge)
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Wheat Futs Surge To Three-Year High As JPMorgan, HSBC Warn Global Food Shock Is Brewing
Wheat futures surged to a three-year high on Wednesday morning as traders repriced a nasty convergence of supply risks across the global agricultural supply chain. Ongoing drone and missile attacks on critical Black Sea shipping and port infrastructure are constraining Russian and Ukrainian exports, while severe Northern Hemisphere heat waves and disruptions in the Strait of Hormuz are amplifying concerns that another food-inflation cycle could rear its ugly head next year.
Bloomberg reported that the most-active Chicago wheat contract jumped as much as 2.4% to $7.2025 a bushel, its highest level since July 2023. Futures have gained about 12% so far this month.
Russia and Ukraine, two of the world's most important breadbaskets, account for more than a quarter of global wheat exports and are also major suppliers of corn, barley, and sunflower oil. The Black Sea conflict has escalated since early July, with ...
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26.08.26 - 15:01
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US Core PCE Rises 0.2% in July, Consumer Spending Stalls (Bloomberg)
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The Federal Reserve's preferred inflation metric, the so-called core PCE price index, which excludes food and energy items, rose 0.2% in July and advanced 3.3% from a year ago. Inflation-adjusted consumer spending was flat last month. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)...
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