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‘I’m scared’: Mother of 6 on losing food assistance
MSNBC· 2025-10-31 21:43
It's going to be a really big struggle for my family and there might be times that me and my husband don't eat, but we've already talked about that and we would rather make sure that they're full and going to bed not hungry. My name is Amanda and I have six children. I work as a registered behavioral technician.With the government shutdown, uh my SNAP benefits are at risk. It's really important for my family. um to be able to have access to that.It is very supplemental. Having special needs kids is can be r ...
Food-Aid Benefits Set to Expire for Millions Saturday
Bloomberg Television· 2025-10-31 19:26
I have no news on when we're going to reopen, although the president seems to think that he has the thought of going nuclear, the nuclear option in the Senate and the filibuster. That was his post on truth social that we'll talk about in a moment here. But of course, lawmakers are gone, most of them.The Senate is now out for the weekend. Everybody is getting ready to go pass out, Candy. And.Tomorrow's a big day. November 1st. SNAP benefits begin to expire.Open enrollment begins for those seeking health care ...
'No good answers': GOP Rep. says lawmakers left 'frustrated' after Venezuela boat briefing
MSNBC· 2025-10-31 15:31
If you're sitting in this room getting clearly what have been prior gang of eight level classified information, didn't somebody raise their hand and say, "Well, holy crap, where are the Democrats? Who was willing to say, you know, isn't there a constitutional obligation here?" You know, it is about separation of powers. is for the folks who wave their constitution around, read the damn thing and then explain why you would sit through that briefing and not call foul. Yeah, I I was kind of wondering that myse ...
X @Anthony Pompliano 🌪
Anthony Pompliano 🌪· 2025-10-31 11:41
Common sense proposal:if the government shuts down, Americans shouldn’t have to pay their pro rata amount of taxes for those days.If the government isn’t working, the people shouldn’t be paying. ...
X @Nick Szabo
Nick Szabo· 2025-10-31 02:16
RT Asanoha (@asanoha_gold)Apparently the U.S. government is so useless they've been shutdown for 30 days and not one of us has even notice https://t.co/BivipUgEtf ...
X @Anthony Pompliano 🌪
Anthony Pompliano 🌪· 2025-10-30 12:13
It shouldn’t be controversial to believe the government shut down is ridiculous, politicians are grandstanding for personal gain, there are many people who need help affording food, and there is obvious abuse and fraud in the food stamp program.All four things can be true. ...
Bond ETFs Slide as Powell Pushes Back on Rate Cut Expectations
Yahoo Finance· 2025-10-30 00:31
Core Viewpoint - Bond ETFs experienced a decline following Federal Reserve Chair Jerome Powell's indication that a rate cut in December is not guaranteed, which contradicted market expectations for a certain move [1][2]. Group 1: Federal Reserve Actions - The Federal Reserve lowered its benchmark federal funds rate by 25 basis points to a target range of 3.75% to 4% [1]. - Powell emphasized that a further reduction in the policy rate at the December meeting is not a foregone conclusion, highlighting differing views within the committee [2]. Group 2: Market Reactions - Following Powell's comments, futures markets reduced expectations for a December rate cut, with the probability dropping to about 66% from around 90% [2]. - Yields surged in response, with the 2-year Treasury yield increasing by 11 basis points to 3.6%, the 10-year yield rising by 9 basis points to 4.07%, and the 30-year yield climbing by 7 basis points to 4.6% [3]. Group 3: Bond ETFs Performance - The iShares 20+ Year Treasury Bond ETF (TLT) fell by 1%, while the iShares 7–10 Year Treasury Bond ETF (IEF) decreased by 0.65% [3]. - The 10-year yield has remained near 4%, reflecting a bounce off this key level as investors processed Powell's remarks [3]. Group 4: Economic Considerations - Powell noted ongoing risks related to inflation and employment, mentioning the government shutdown as a challenge to the Fed's data-driven approach [4]. - Despite Powell's cautious stance, markets anticipate approximately three additional rate cuts between now and mid-2026, with future moves dependent on economic data [5].
Fed Cuts Rates Quarter Point, Sets End to Balance-Sheet Runoff
Yahoo Finance· 2025-10-29 18:54
Core Viewpoint - The Federal Reserve has implemented its second consecutive interest-rate reduction to support a softening labor market, while also announcing a halt to the reduction of its asset portfolio starting December 1 [1]. Group 1: Interest Rate Decisions - The Federal Open Market Committee voted 10-2 to lower the target range for the federal funds rate by a quarter percentage point to 3.75%-4% [1]. - Fed officials are divided on future rate cuts, with some cautioning against rapid reductions due to inflation remaining above the Fed's 2% target [3]. Group 2: Labor Market Assessment - Fed officials noted that job gains have slowed and risks to employment have increased in recent months, characterizing economic growth as "moderate" [1]. - The labor market's fragility is highlighted by a marked cooldown in hiring, raising concerns about potential further declines in job openings and subsequent unemployment [3]. Group 3: Economic Data Limitations - The ongoing government shutdown has limited access to crucial economic data, complicating the Fed's ability to make informed policy decisions [4]. - Officials referenced the unemployment rate only through August due to the data limitations caused by the shutdown [4].
USDA: SNAP benefits set to cease Saturday
CNBC Television· 2025-10-29 11:06
Government Funding & Policy - Over two dozen states are suing the Trump administration to maintain funding for SNAP benefits, which impacts over 40 million Americans [1] - The Department of Agriculture indicated SNAP benefits may stop on Saturday [1] - President Trump stated his administration is working to find a way to fund the SNAP program during the shutdown [1] - Democratic and Republican Senators are co-sponsoring a bill to keep SNAP funded during the shutdown [2] Economic Impact - The report mentions the S&P 500 winners and losers, indicating a focus on market performance [3] - The discussion includes paying air traffic controllers, highlighting potential impacts on transportation and related industries [2]
Leader Jeffries: Trump ‘trying to weaponize hunger’ during shutdown
MSNBC· 2025-10-29 03:59
I I want to begin with that last meeting that you had in the Oval Office, which was about this government shutdown. Hasn't been a meeting since. There's been no attempt to solve the problem since by Donald Trump or the Republicans.And Donald Trump taunted you with that hat and you you cut to today and there's Speaker Johnson trying to end this subject, trying to make it clear that there's absolutely no possibility uh of Donald Trump running for third term. while Donald Trump still plays that game publicly. ...