Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Families Confront an Unbearable Winter Dilemma: Go Hungry or Freeze as the Shutdown Continues

Families Confront an Unbearable Winter Dilemma: Go Hungry or Freeze as the Shutdown Continues

Bitget-RWA2025/11/02 19:38
By:Bitget-RWA

- 30-day U.S. government shutdown threatens food and heating aid for millions of low-income Americans. - Exhausted $6B SNAP fund risks 42M households; LIHEAP delays leave 300K Pennsylvania families without heating support. - Nonprofits like Propel offer $50 cash relief, but gaps persist as states struggle to compensate for federal shortfalls. - Bipartisan stalemate on ACA subsidies delays resolution, with Trump prioritizing military funding over social programs.

The ongoing U.S. government shutdown, now reaching its 30th day, has become a major crisis for millions of Americans with low incomes, putting essential food and heating assistance programs at risk. With federal funding halted, both the Supplemental Nutrition Assistance Program (SNAP) and the Low-Income Home Energy Assistance Program (LIHEAP) are being disrupted, forcing vulnerable families to make impossible decisions between staying warm and having enough to eat this winter

.

The USDA has already depleted its $6 billion SNAP emergency reserve due to the shutdown, leaving 42 million people in danger of losing their November benefits as early as Nov. 1, according to the Inquirer. At the same time,

has cautioned that 2 million older adults who depend on federally funded meal deliveries could soon go without, with a third of providers saying they cannot continue for more than a month without new funding. Meanwhile, fintech company has launched a $10 million emergency fund to give $50 cash grants to SNAP households in urgent need, but acknowledges the current crisis is unlike anything seen before.

Families Confront an Unbearable Winter Dilemma: Go Hungry or Freeze as the Shutdown Continues image 0

The effects of the shutdown on heating aid are just as severe. LIHEAP, which usually provides $3.6 billion a year to help low-income households with energy bills, has been postponed until at least December 3, leaving more than 300,000 families in Pennsylvania uncertain about their winter heating,

. In New York, Governor Kathy Hochul criticized the harsh treatment of those in need, noting that the program helped 1.5 million households last year, . Utility providers such as have lowered gas supply charges to match falling market rates, but warn that without federal support, many customers will not be able to pay for heating fuel.

Members of Congress from both sides have voiced concern. Republican Representative Brian Fitzpatrick called the LIHEAP delay "unacceptable" and urged Health Secretary Robert F. Kennedy Jr. to use emergency powers to maintain aid, while Democratic Representative Madeleine Dean criticized the Trump administration's "cuts" and the shutdown's heavy toll on marginalized groups. However, with both parties at an impasse over the extension of Affordable Care Act tax credits, a solution remains out of reach.

The wider shutdown has also affected Head Start programs, air traffic control, and national parks, but the urgent need for food and heating assistance is especially critical as winter nears,

. The White House has shifted funds to prioritize military pay over social services, a move President Trump has justified as vital for national security, .

As the situation worsens, nonprofits and state agencies are working urgently to address the gaps. Pennsylvania Human Services Secretary Val Arkoosh noted the state's limited ability to make up for lost federal funding, while groups like GiveDirectly are teaming up with Propel to provide immediate cash support, and state programs can only offer short-term relief for many families.

---

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin Updates: Swiss Crypto Lending Offers 14% Returns Alongside Bank-Backed Insurance

- Swiss crypto lender Fulcrum offers 14% APR on stablecoins with Lloyd's insurance and FINMA regulation. - Platform uses 50% LTV over-collateralization and institutional-grade security to mitigate market risks. - Targets inflation-hedging investors by bridging traditional finance gaps with insured crypto yields. - Competes with alternatives like Bitget's zero-interest loans but emphasizes regulatory compliance and capital preservation.

Bitget-RWA2025/11/05 05:04
Bitcoin Updates: Swiss Crypto Lending Offers 14% Returns Alongside Bank-Backed Insurance

Bitcoin News Update: Analyst Highlights How MSTR's Convertible Bonds Prevent Forced Bitcoin Sales

- MSTR's convertible debt structure allows debt repayment via cash, stock, or both, avoiding Bitcoin sales during market downturns. - The company raised €350M through a 10% dividend-bearing euro-denominated preferred stock offering to fund Bitcoin purchases. - Q3 results showed $3.9B operating income from Bitcoin gains, driving a 7.6% stock surge to $273.68 post-earnings. - Risks persist if Bitcoin fails to rally in 2028, potentially forcing partial liquidation amid $1.01B 2027 debt obligations. - MSTR hol

Bitget-RWA2025/11/05 04:50
Bitcoin News Update: Analyst Highlights How MSTR's Convertible Bonds Prevent Forced Bitcoin Sales

Solana News Today: Solana ETFs Surpass Bitcoin as Staking Returns Attract Institutional Investments

- U.S. spot Solana ETFs (BSOL/GSOL) attracted $199M in 4 days, outperforming Bitcoin/Ethereum ETF outflows. - 7% staking yields drive institutional inflows as investors rotate capital from major crypto assets. - Despite ETF success, SOL price fell below key support levels, raising concerns about $120 price floor. - Strategic staking and treasury purchases boosted Solana's institutional appeal, with $397M in staked assets. - Market remains cautious as ETF competition intensifies, with Bitwise's BSOL outpaci

Bitget-RWA2025/11/05 04:50
Solana News Today: Solana ETFs Surpass Bitcoin as Staking Returns Attract Institutional Investments

Bitcoin News Today: Bitcoin’s Fourth Quarter Surge: Impact of Trade Disputes, Stronger Dollar, and Evolving Global Economic Strategies

- Bitcoin fell nearly 15% in October 2024, its worst quarterly start since 2022, driven by U.S.-China trade tensions, dollar strength, and macroeconomic caution. - A 100% U.S. tariff on Chinese imports and Fed rate-cut delays exacerbated selloffs, triggering $1.3B in liquidations during a flash crash below $103,000. - Key support levels at $107,000 and $101,150 face retests as traders warn of further declines, with market cap dropping below $3.6T amid fragile liquidity. - Wintermute denied Binance lawsuit

Bitget-RWA2025/11/05 04:50
Bitcoin News Today: Bitcoin’s Fourth Quarter Surge: Impact of Trade Disputes, Stronger Dollar, and Evolving Global Economic Strategies