President Trump, along with White House Aide Stephen Miller and Republican members of Congress, are seeking to cut legal immigration in half by the year 2027. According to Politico, Senators Tom Cotton of Arkansas and David Perdue of Georgia, with the support of the president, will be introducing legislation to that effect later in the summer. Currently, the United States accepts approximately 1 million legal immigrants into the United States – this bill would attempt to slash that number over the next 10 years to about 500,000.» Read More
Responding to a federal district court order judicially expanding those excluded from the Administration’s Travel Ban, the United States Department of State issued guidance on Monday expanding the definition of “family” under the Executive Order banning certain visa applicants and refugees from six countries: Iran, Libya, Somalia, Sudan, Syria, and Yemen.
In June, the United States Supreme Court allowed the implementation of the Travel Ban to proceed with a certain limitation: that visa applicants with a bona fide relationship with a United States person or entity are exempt from the ban.» Read More
As the Fed wraps up their last of its eight 2-day meetings this year it’s likely to raise its key short-term interest rate by 0.25% or 25 basis points. So, what’s motivating the Fed to raise the rate? A number of factors are in the mix: (i) the base unemployment rate (the Department of Labor “U3 Rate”) is at its lowest since 2007, and we all remember the tail end of that boom; (ii) this year alone, the US has added approximately 2,000,000 jobs to date; (iii) with the U3 Rate at 4.6% there’s pressure building to increase wages, as employers look to add staff in a tightening employment market; and (iv) the Fed is expecting inflation to kick in during 2017. » Read More