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Democratic Senators Have Requested That Bessant Review The Paramount Skydance And Warner Bros. Exploration Deal Through The Committee On Foreign Investment In The United States (CFIUS). The Democratic Senators Expressed Concern Because The Deal Involves "foreign Ownership."
Federal Reserve's Daly: Policy Is In A Good Position. We Are Prepared To Respond In Both Directions
Federal Reserve's Daly: Current Inflation Concerns Are Focused On Energy And Food, Factors That Are Driving Up Prices
Q&A By The Chinese Chamber Of Commerce In The European Union On The European Commission's Proposal Of The 'European Tech Sovereignty Package'
Federal Reserve's Daly: (Regarding The Path Of Interest Rates) We Don't Know How The Economy Will Develop
Federal Reserve's Daly: Just Because We Have Similarities To The 1990s Doesn't Mean This Will Be The 1990s
U.S. Treasury Secretary Bessenter: Under Trump 2.0 Policies, Real Wages Have Increased Every Month Except April
Federal Reserve's Daly: No Concerns About Financial Stability Have Been Found Regarding Investments In Artificial Intelligence
Federal Reserve's Daly: Optimistic About Artificial Intelligence, Next Year Will Be A Key Period To Test The Direction Of The Industry's Development
Federal Reserve's Daly: We Have Not Yet Seen Productivity Gains From Artificial Intelligence In The Data
Russian Foreign Minister Lavrov: In Relations With The United States, It Is Very Important Not Only To Have Dialogue But Also To Implement The Agreements That Have Been Reached
U.S. Treasury Secretary Bessenter: We Are Putting Pressure On Canada And Europe To Impose A Digital Services Tax
Russian Foreign Minister Sergey Lavrov: US Secretary Of State Marco Rubio's Remarks In Congress Supporting Ukraine Show That "Biden's War" Has Become "Trump's War"
Russian Presidential Special Representative Dmitriev: Russia Will Continue Bilateral Cooperation With The United States In The Energy And Economic Fields
Russian Presidential Special Representative Dmitriev: Not All Russian-American Contacts Are Related To Ukraine

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States urge delay of new SNAP cost-sharing rules, citing fiscal strain and fragility exposed by a federal shutdown.
State and local governments across the United States are formally asking Congress to delay new rules that would shift a significant portion of food stamp costs onto their budgets, citing major operational and financial concerns.
The changes stem from President Donald Trump's "One Big Beautiful Bill," which was signed into law last July. The new legislation overhauls the funding structure for the Supplemental Nutrition Assistance Program (SNAP), which provides benefits to over 42 million Americans.

Under the new law, the federal government, which previously covered the full cost of SNAP benefits, will require states to share the financial burden. The changes are set to be phased in over the next decade.
• Benefit Costs: Beginning in fiscal year 2028, states will be required to pay up to 15% of all SNAP benefits issued. The exact percentage will depend on a state's payment accuracy in fiscal years 2025 or 2026.
• Administrative Costs: Starting in fiscal year 2027, the states' share of administrative costs will increase from the current 50-50 split to as much as 75%.
A coalition of government associations, including the National Governors Association and the National Conference of State Legislatures, argued in a letter that states are not prepared for these changes. They pointed to the severe difficulties they faced during the 43-day federal government shutdown in 2025 as evidence of the system's fragility.
During the shutdown, federal SNAP funding lapsed for the first time. This forced states to scramble, using their own funds to issue partial benefits while navigating rapidly changing guidance from the federal government. At the same time, they were also working to implement other new provisions of the law, such as expanded work requirements for SNAP recipients.
The letter stated that "these overlapping events exposed states and counties to significant, unintended fiscal risks that undermine program stability and integrity."
To avoid destabilizing the food aid program, the organizations are asking Congress to delay the new cost-sharing provisions until 2030. They argue this would give states enough time to lower their payment error rates and properly prepare their SNAP systems for the new financial responsibilities.
The financial impact of the law is projected to be substantial. On average, each state faces $218 million in new annual spending. The burden is even greater for larger states, with Florida expecting to pay an additional $991 million and California facing a $1.8 billion increase.
The letter warns that without some form of relief, the combined effects of these challenges could put the entire SNAP program "in jeopardy across the country."
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