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Added on the 09/01/2019 14:48:22 - Copyright : Wochit
Republican lawmakers pass an immigration package that would restart stalled construction of Donald Trump's southern border wall as the United States braces for a sudden increase in migrant crossings from Mexico. The Secure the Border Act of 2023, which advanced from the Republican-led House of Representatives on a roughly party-line 219-213 vote, would reintroduce several signature Trump-era measures, from completing the wall to bolstering asylum restrictions. IMAGES
The MIT Technology Review is questioning Donald Trump’s claim that his proposed border wall will cost $12 billion. According to MIT, the cost could be closer to $40 billion.
The White House says US support for Ukraine's war effort will be "unwavering" even if Republicans, who have expressed concerns about the level of spending, win midterm elections. "We are confident the United States' support will be unflinching and will be unwavering," Press Secretary Karine Jean-Pierre tells reporters. SOUNDBITE
President Trump has demanded to see a list of which Congressional Republicans acknowledged President-elect Joe Biden's election win. According to Business Insider, only 27 GOP Senators and House members have acknowledged Biden's victory. Others have chosen to stand by Trump and his unfounded claims of voter fraud. Still other party members, including Senate Majority Leader Mitch McConnell, haven't yet confirmed their position, but have hinted at accepting the final result. Trump tweeted his demand on Saturday for a list of the 'RINOs,' or 'Republicans In Name Only,' following a Washington Post survey.
A Credit Suisse analyst says that if Joe Biden wins the US presidential election in November, it could spur a 'knee-jerk' pullback in the stock market of 5%. According to Markets Insider, senior investment strategist Suresh Tantia said that was due to the Democratic nominee's stance on corporate taxes. However, Tantia said investors should look at such a pullback as a buying opportunity, as Fed support will keep driving markets after the election. The central-bank support is not going anywhere. The Fed is going to keep rates lower for longer, similar to other central banks. Suresh Tantia, Senior Investment Strategist Credit Suisse Tantia's tip for traders? Investors should seek out equities in Asian markets, as they are cheaper than US stocks and have strong earnings.
Former top Trump strategist Steve Bannon exits Manhattan Federal Court after he was arrested and charged along with three others for defrauding hundreds of thousands of donors in a Mexico border wall fundraising campaign. IMAGES