Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.
A U.S. Border Patrol agent searches an undocumented migrant who illegally crossed the Rio Grande in Los Ebanos, Texas, April 6, 2019.The House passed a bill to send emergency aid to the southern border Tuesday, setting up another face off with the White House and Senate Republicans over immigration policy.
The Democratic-held chamber approved the $4.5 billion to manage an influx of migrants after leaders changed the measure to appease liberals concerned about the Trump administration's treatment of migrant children. The party added health and safety standards for the government to follow as furor growsThe GOP-held Senate will likely try to pass its own version of the border aid bill before lawmakers leave town Thursday for their July 4 recess.
The scramble to send money to the border comes at a tumultuous time for U.S. immigration policy. Lawmakers have slammed the treatment of kids at a migrant detention facility in Texas, where an Associated Press report depicted malnutrition, poor sanitary standards and older children tasked with looking after a toddler., effective July 5. Meanwhile, President Donald Trump has threatened mass deportations starting two weeks from Sunday if Democrats do not agree to changes to asylum laws.
Democratic leaders tied the bill to efforts to oppose Trump's broader immigration agenda. In a statement shared by the House Appropriations Committee, House Speaker Nancy Pelosi said "a vote for this bill today is a vote against the Trump Administration's cruel attitude towards children."A separate, bipartisan bill passed by the Senate Appropriations Committee would put $4.6 billion toward border funding without the conditions imposed in the House bill.
House Minority Leader Kevin McCarthy has accused Pelosi of "playing politics" and urged her to take up the Senate version of the legislation.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks close little changed with the June rally on hold ahead of US-China trade talksStocks held steady today as investors await the key meeting between President Trump and Chinese President Xi at this week’s G20 summit. The Dow gained just 8.41 points, and the S&P slid less than 1% at the close.
Read more »
Stocks finish mixed ahead of U.S.-China trade talksThe U.S. stock market capped a day of listless trading with modest losses Monday as investors focused on upcoming trade talks between the U.S. and China.
Read more »
White House blocks Conway from House oversight hearingThe White House said Monday it will not allow presidential counselor Kellyanne Conway to appear before a House committee looking into allegations that she repeatedly violated a federal law that limits political activity by government workers. The White House refusal, outlined in a letter from White
Read more »
Investors Are Glum, Even With Stocks at All-Time HighsThe share of individuals who say they expect U.S. stocks to rise over the next six months has held below 30% for six consecutive weeks. Some analysts say a bit of doubt is better than steady euphoria.
Read more »
Stocks making the biggest moves midday: Caesars, Deere, Hostess, Sally BeautyThese are the stocks posting the largest moves midday.
Read more »