Connect with us

Hi, what are you looking for?

Latest News

Senators unveil long-awaited border deal

Senators in both parties finalized a deal on stricter border and immigration policies that is headed toward an uncertain floor vote in the coming days.

The $118 billion agreement, which was released Sunday afternoon and negotiated for months, would tighten the standard for migrants to receive asylum, automatically shut down the southern border to illegal crossings if migrant encounters hit certain daily benchmarks and send billions of dollars to Ukraine, Israel and Taiwan as well as the border.

Majority Leader Chuck Schumer has vowed to hold a procedural vote to advance the package Wednesday, though it’s unclear if the legislation has the necessary 60 votes to clear the chamber. About 20-25 Republican senators are ready to evaluate the specifics and a similar number are leaning against the deal, according to lead GOP negotiator Sen. James Lankford (R-Okla.). At least a handful of Democrats are also expected to vote against it.

The border-foreign aid deal faces even more difficult odds in the House. Speaker Mike Johnson said on NBC’s Meet The Press on Sunday that the House would take up a $17 billion Israel aid bill instead of the supplemental funding package. In a Saturday letter to House Republicans, Johnson had said the chamber would not swiftly consider the bipartisan deal.

Lankford and GOP allies hope that release of the text will dispel the notion that the bill would allow 5,000 undocumented immigrants to cross into the country daily. Under the parameters of the legislation and the current situation at the border, which sees crossings sometimes exceeding 10,000 per day, the border would be shut down to illegal crossings immediately.

The bill would preserve orderly asylum appointments at ports of entry as a way for immigrants to seek legal entry into the country, requiring that those ports process at least 1,400 migrants daily during periods when the border is shut down.

The legislation also includes the Fend Off Fentanyl Act and Afghan Adjustment Act as part of the larger deal. It would send about $62 billion to support Ukraine in its invasion against Russia, $14 billion in security aid for Israel, $10 billion in humanitarian assistance to the Gaza Strip and Ukraine, $20 billion for the border and nearly $5 billion to partners in the Indo-Pacific to fight Chinese aggression.

In addition to mandating a border shutdown at 5,000 daily encounters, the bill would allow the president to invoke that authority at 4,000 per day. Once the border is shut it would stay sealed to illegal crossings until encounters of unlawful crossings drop to about 2,000 per day. In addition, the use of presidential parole authority, which gives the president wider latitude to allow more undocumented immigrants into the country, would be curtailed. And the bill speeds up the asylum screening process significantly.

Lankford said he had hoped to release the bill earlier to get the process moving more quickly but the complexity of the language made that tricky: “The words matter.” The legislation is the most ambitious piece of immigration legislation to get serious congressional consideration in six years.

House Minority Leader Hakeem Jeffries slammed Johnson in a statement Sunday, calling the speaker’s decision to instead put an Israel bill on the floor this week “a cynical attempt to undermine the Senate’s bipartisan effort, given that House Republicans have been ordered by the former president not to pass any border security legislation or assistance for Ukraine.”

Former President Donald Trump and conservatives in both chambers have repeatedly attacked the legislation as insufficient, instead calling on President Joe Biden to use his existing executive authorities to shut down the border.

Republicans, including Johnson, had demanded a package last fall that linked border policy changes to billions in foreign aid. But the speaker denies his new position is due to Trump, saying on Meet the Press: “He’s not calling the shots. I’m the one calling the shots.”

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Investing

    Understanding Modified Adjusted Gross Income It’s true that you won’t find your modified adjusted gross income listed on your Form 1040, but that doesn’t...

    Investing

    Tax Day, or the deadline for filing your 2022 federal income tax return, falls on April 18, 2023. But what happens if you are...

    Investing

    As a parent, grandparent, guardian, or even an aunt or uncle, you want the best for the children you love and take care of....

    Investing

    Each quarter, our investment team comments on the markets and economy over the past quarter and looks forward at what the next period might...

    Disclaimer: Dealwithbiz.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2023 Dealwithbiz.com