The checkout in Publix. (Photo: Jeffrey Greenberg/UIG via Getty Images)

Grocery retailers around the country have growing concerns about President Trump's plan to reduce food-stamp spending by $130 billion over the next decade, reports the Wall Street Journal. That would amount to a 20% reduction in the program's $63 billion annual budget.

Why it matters: Retailers are already facing stiff competition from grocers like Whole Foods with Amazon's backing. Now, they may lose sales from low-income consumers because of regulation.

The changes:

  • More stringent requirements would reduce the number of consumers who are eligible for the food-stamp program.
  • Rather than receiving benefits on cards, food stamp users would receive benefits in boxes of cereal, beans, canned fruits and other government purchased food through wholesale channels.

Industry concerns:

  • The food industry operates on a 1% profit margin, Alex Baloga, chief executive of the Pennsylvania Food Merchants Association, told the journal. Any SNAP loss could be devastating to the industry.
  • The nation's biggest retailers would lose key revenue sources.
  • Purchases at big box stores like Walmart and Target accounted for 52% of dollars spent through SNAP in 2017.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 31,444,163 — Total deaths: 967,305— Total recoveries: 21,551,157Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 6,889,086 — Total deaths: 200,641 — Total recoveries: 2,615,974 — Total tests: 95,846,925Map.
  3. Health: The U.S. reaches 200,000 coronavirus deaths — The CDC's crumbling reputation — America turns against coronavirus vaccine.
  4. Politics: Elected officials are failing us on much-needed stimulus.
  5. Business: Two-thirds of business leaders think pandemic will lead to permanent changes — Fed chair warns economy will feel the weight of expired stimulus.
  6. Sports: NFL fines maskless coaches.

House Democrats, Trump administration strike deal to avert government shutdown

House Speaker Nancy Pelosi (D-Calif.). Photo: Tom Williams/CQ-Roll Call via Getty Images

House Democrats have reached a deal with the Trump administration on legislation to fund the government through Dec. 11, Speaker Nancy Pelosi (D-Calif.) announced Tuesday.

Why it matters: The deal will avert a government shutdown when funding expires in eight days. Pelosi and House Majority Leader Steny Hoyer (D-Md.) said earlier that they hoped to hold a vote on the legislation on Tuesday evening.

Updated 1 hour ago - Politics & Policy

Trump says he will announce Supreme Court pick on Saturday

Photo: Mandel Ngan/AFP via Getty Images

President Trump tweeted Tuesday that he plans to announce his Supreme Court pick on Saturday. He later told reporters that the announcement will come at 5 p.m.

Why it matters: Republicans are moving fast to replace the late Justice Ruth Bader Ginsburg, which would tilt the balance of the high court in conservatives' favor and have lasting impact on climate policy, immigration and the Affordable Care Act.

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