Senate Democrats are trying to hit the reset button after the shutdown defeat. Immigration reform is at the top of their mind's as they are looking to reach a deal before the February budget deadline. Ben Kamisar, Reporter at The Hill, explains what this means when looking forward to the 2018 midterms.
"They look at this and say 'we shut down the government for what?'" explains Kamisar. "That anger is one of the reasons why you are seeing these Senators who might be looking at 2020 bids for president themselves not ruling out shutdown negotiations either to try to exact some type of more lofty goals during the next fight."
On Wednesday White House Press Secretary Sarah Sanders said the White House is sending an immigration framework to Congress. On whether this is an initiative by the Trump administration to get the ball rolling on immigration reform, Kamisar says much of this framework are nonstarters for Dems to get their votes on board. But the real question is what both sides can agree on regarding DACA.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern, as everyone awaits the Labor Department’s monthly jobs report.
The Supreme Court is allowing Lisa Cook to remain as a Federal Reserve governor for now.
Rep. John Moolenaar has requested an urgent briefing from the White House after Trump supported a deal giving Americans a majority stake in TikTok.
