The debt ceiling deal that U.S. President Joe Biden and House Republican Kevin McCarthy agreed over the weekend adds new conditions to food aid that will impact one segment of the U.S. population specifically - GenXers with no dependents.
The deal targets recipients of the Supplementary Nutrition Program, or SNAP, between the ages of 50 and 54, adding new requirements that they work 20 hours a week to receive the aid.After weeks of negotiations, McCarthy and Biden forged alate on Saturday. The deal needs to still pass through the narrowly divided Congress before the Treasury Department runs short of money to cover all its obligations.
"The agreement phases in and then sunsets SNAP time limits to people up to age 54, which the president fought hard against," one source briefed on the negotiations said.The U.S.'s approximately 65 million members of Gen X, those born between 1965 and 1980, areAs a group, they saw their wealth jump during the Trump administration and even during the COVID pandemic.
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