SNAP Changes? A Budget with NO Ceiling? And More!!!


This is the transcript from the Morning Brew news podcast dated July 23, 2019.

The Morning Brew Podcast runs Sat-Wed 10:30 AM CST

New Rule to Eliminate 3.1 million SNAP Recipients

At present, 43 states allow recipients of Temporary Assistance for Needy Families (TANF) to automatically qualify for the Supplemental Nutrition Assistance Program (SNAP). A new rule proposed by the Trump administration Tuesday seeks to change that. Officials from the U.S. Department of Agriculture (USDA) wants to require TANF beneficiaries to pass a review of their income and assets in order to determine if they are eligible. The rule, if put into place, would save the federal government approximately $2.5B yearly. Sonny Perdue, USDA Secretary, was quoted saying, “Some states are taking advantage of loopholes that allow people to receive the SNAP benefits who would other wise not qualify and for which they are not entitled.”Though some may think the rule requires congressional approval, it does not. This loophole has allowed many who should not have SNAP to receive them. Acting Deputy Undersecretary, Brandon Lipps, explains, “Unfortunately, automatic eligibility has expanded to allow even millionaires and other who simply receive a TANF-funded brochure to become eligible for SNAP when they clearly don’t need it.”Though Trump says the new rule would save tax payers up to $15B, the Congressional Budget Office places the estimated savings of $8.1B from 2019-2028.

Source:
MSN

Two-Year Bipartisan Deal Boosts Spending and Suspends Debt Limit


https://twitter.com/realDonaldTrump/status/1153420653938262019?s=20
Before their six-week summer recess, Congress has reached a budget deal that looks to increase spending limits by $320B and also suspend the debt ceiling until the next presidential election. This will allow Washington to continue its borrowing binge, a binge which has been going on for a minimum of two years. Fiscal Republicans have resisted this budget saying it will add to much to the already existing debt. This is left those in favor of the bill scrambling for votes in favor of it.This is a role-reversal for the White House, who’s original stance was to cut programs and be more fiscally responsible. Verbal assurances from the Democrats included not adding policy changes which are controversial to future spending bills, but there was no clear outline as to how they would be held accountable. The deal was brokered with Treasury Secretary Steven Mnuchin. The acting budget director, Russell Vought, had demanded Democrats to commit to budget changes totaling $150B, but it was rejected.A deal for more military spending was cemented in the agreements, but it may not constrain any future spending in excess of the $77B agreed on. The deal would keep the debt ceiling at bay until July 31, 2019. This means the ceiling would not be considered again until fall of that year, and the agreed-to budget will have spending levels through Sept. 30, 2022.During the Obama administration, it was the Republicans who were insisting on the budget needing to shrink and the need for a constitutional amendment to balance said budget.Along with the the aforementioned agreements, Democrats said they would not attach riders in future spending bills, often called “poison pills”. The problem is there is no clear definition of what these “poison pills” are. There was push back from the more progressive members of Congress.

Two-Year Bipartisan Deal Boosts Spending and Suspends Debt Limit

Tweet Link

Before their six-week summer recess, Congress has reached a budget deal that looks to increase spending limits by $320B and also suspend the debt ceiling until the next presidential election. This will allow Washington to continue its borrowing binge, a binge which has been going on for a minimum of two years. Fiscal Republicans have resisted this budget saying it will add to much to the already existing debt. This is left those in favor of the bill scrambling for votes in favor of it.This is a role-reversal for the White House, who’s original stance was to cut programs and be more fiscally responsible. Verbal assurances from the Democrats included not adding policy changes which are controversial to future spending bills, but there was no clear outline as to how they would be held accountable. The deal was brokered with Treasury Secretary Steven Mnuchin. The acting budget director, Russell Vought, had demanded Democrats to commit to budget changes totaling $150B, but it was rejected.A deal for more military spending was cemented in the agreements, but it may not constrain any future spending in excess of the $77B agreed on. The deal would keep the debt ceiling at bay until July 31, 2019. This means the ceiling would not be considered again until fall of that year, and the agreed-to budget will have spending levels through Sept. 30, 2022.During the Obama administration, it was the Republicans who were insisting on the budget needing to shrink and the need for a constitutional amendment to balance said budget.Along with the the aforementioned agreements, Democrats said they would not attach riders in future spending bills, often called “poison pills”. The problem is there is no clear definition of what these “poison pills” are. There was push back from the more progressive members of Congress.

https://twitter.com/AOC/status/1153440020658868229?s=20
This deficit is projected to reach $1T this year.

Source:
WaPo

Boris Johnson new UK Prime Minister


On Wednesday, Theresa May will hand over the reigns of leadership to Boris Johnson, making him the new Prime Minister of the United Kingdom. Even though he beat out Jeremy Hunt, he will have a long uphill battle ahead of him. Being a hard-line Brexiteer means he has promised to leave the EU whether they have a divorce deal or not. Many members of the conservative party have said they will resign to resist a no-deal Brexit, a move that will plunge the UK into recession. 

Source:
MSN

Warning Shots Fired at Russian Military Plane


Russian military aircraft were met with warning shots in the hundreds as they crossed into South Korean airspace, an incident Russia denies. Russia, however, has accused SK pilots of flying in a reckless manner. The occurrence drew the attention of both China and Japan. This would be the first time the Russians have violated South Korean airspace. Tensions are already high in this region due to talks between North Korea and the United States. Reports have shown two Russian Tu-95 bombers and two Chinese H-6 bombers entering the Korea Air Defense Identification Zone (KADIZ) early Tuesday morning. Though the Russian ministry is admitting to a planned flight in regards to the bombers, they still say they did not violate South Korean airspace. They also declared they do not recognize KADIZ. The Russian ministry also says there were no warning shots.

Source:
Reuters

Until Next Time!
Anissa “Maddy” Walker
Consider supporting my work by looking on the sidebar or options.



Categories: Morning Brew Archives

Tags: , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: