SNAP Enrollment Drops Amid New Federal Rules and State Cuts

• 167,000 Michiganders lost SNAP benefits since last summer due to new work requirements and paperwork.
• SNAP enrollment nationwide dropped to 19.8 million in June as states face higher costs and new rules.
• New federal SNAP rules are reshaping enrollment, leading some states to cut back to control costs.
• Options traders are betting on a 30% rally in Snap shares.
• A letter urges representatives to strengthen SNAP to prevent food insecurity.