The impact of restricting SNAP benefits
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 2 February 2026
⏱️ 7 minutes
🧾️ Download transcript
Summary
In January, five states enacted laws restricting people who receive food aid from buying sugary beverages and snacks. About a dozen more will follow suit later this year. This morning, we'll learn about how that affects SNAP recipients and grocery stores. Plus, last week, gold and silver had their worst declines in decades. Then, as part of Marketplace's "AI and You" coverage, we'll look back at when the dot-com boom led to a rapid expansion of internet infrastructure — similar to what we're seeing today with AI.
Transcript
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| 0:00.0 | Would you bet that this artificial intelligence balloon will soar even beyond the stratosphere? |
| 0:07.7 | I'm David Brancaccio in Los Angeles. First, nervous markets this morning. Silver, the commodity, |
| 0:12.9 | has lost nearly a quarter of its value over the last five days, although there's a small bounce back at the moment. |
| 0:18.9 | Gold is up a sliver this morning after its biggest one-day drop since the 1980s. |
| 0:23.8 | Marketplaces Nancy Marshall-Genzers following this. |
| 0:26.5 | Part of the pullback from precious metals is a reaction to President Trump's nomination of Kevin Warsh as chair of the Federal Reserve. |
| 0:34.2 | Worse still has to be confirmed by the Senate. |
| 0:36.1 | He's already served on the Fed's |
| 0:37.8 | board of governors, and Worse has a track record as an inflation hawk, reluctant to cut interest |
| 0:43.0 | rates for fear of kindling inflation. Warsh's nomination strengthened the dollar, and that made |
| 0:48.7 | gold and silver less attractive as a safe haven. Oil prices also slid after President Trump said the U.S. may be able |
| 0:56.1 | to make a deal with Iran, easing concerns of a disruption in Iranian oil supplies. |
| 1:01.9 | I'm Nancy Marshall Genser for Marketplace. |
| 1:04.4 | In effect now, in five states, a ban on using food stamps to buy sugary drinks and junk food, |
| 1:10.4 | more than a dozen other states |
| 1:11.8 | have similar rules on the way. Marketplaces, Samantha Fields, has an update. People who get SNAP |
| 1:17.0 | have always faced some restrictions on what they can buy, one of the big ones being no hot prepared |
| 1:22.0 | foods. You can't use your SNAP benefit for like a rotissory chicken at Costco, even though it's a really |
| 1:27.7 | healthy and efficient way to feed your family. Lily Roberts at the Center for American |
| 1:32.1 | Progress says these new state restrictions are ostensibly about making sure people spend their |
| 1:37.1 | benefits on healthy foods. But I will note that research suggests that the way to get people to |
| 1:42.5 | buy healthy food is to give them additional |
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