- The amount that people can receive in food stamps is due to fall today following the expiration of a 13.6% increase in the program that the government introduced in 2009 as part of its stimulus plan.
- That increase, as well as the great recession, has helped send spending on the Supplemental Nutrition Assistance Program to a record $78.4B in the fiscal year ending September 30.
- With some legislators looking to tighten the rules for eligibility, deeper cuts could be in the offing.
- Retailers who could feel the pinch include Wal-Mart (WMT), Target (TGT), Kroger (KR), Dollar General (DG), Family Dollar Stores (FDO) and Spartan Stores (SPTN).
Food-stamp payments set to drop
Nov 1 2013, 04:11 ET