Judge Rules Trump Must Keep DACA Protections
January 10, 2018
Judge rules that Trump must keep DACA protections for now; U.S. import prices post smallest increase in 5 months as inventories rise; U.S. wholesale inventories rebound strongly in November.
- Judge rules that Trump must keep DACA protections for now. A federal judge in California issued a nationwide injunction late Tuesday ordering the Trump administration to start back up the Deferred Action for Childhood Arrivals program (DACA) – a program that shields young immigrants from deportation who were brought illegally to the United States as children. Judge William Alsump of the Federal District Court in San Francisco wrote to the administration that they must “maintain the DACA program on a nationwide basis.” President Barack Obama created the DACA program in 2012 to also give young immigrants the ability to work legally in the United States; however, President Trump moved to end the program in September, saying that Mr. Obama’s actions were unconstitutional and an overreach of his executive power. The decision has started a fierce debate in Washington as Democrats and Republicans discuss how to provide relief for about 800,000 immigrants who would face deportation when the program ends on March 5. The judge wrote that previous beneficiaries of DACA, known as Dreamers, must be allowed to renew their status in the program, though the government will not be required to accept new applications from immigrants who had not already submitted one. The judge also added that the administration could continue to prevent DACA recipients from returning to the United States if they leave the country. [NYTimes]
Economic Indicators & News
- U.S. import prices post smallest increase in 5 months as inventories rise. According to the Labor Department on Wednesday, import prices increased 0.1 percent last month after an upwardly revised 0.8 percent rise in November, the smallest gain since July and well below economists’ expectations for a 0.5 percent increase. Underlying imported price pressures were muted amid declining costs for food and consumer goods. Import prices were previously reported to have increased 0.7 percent in November. In the 12 months through December, prices increased 3.0 percent, after November’s 3.3 percent jump. They rose 3.0 percent in 2017, the largest calendar year increase in prices since 2011, after advancing 1.9 percent in 2016. Economists are optimistic that recent dollar depreciation and a tightening labor market will help to boost inflation toward the Federal Reserve’s 2 percent target this year. [Reuters]
- U.S. wholesale inventories rebound strongly in November. U.S. wholesale inventories increased more than initially estimated in November, which suggests that inventory investment will contribute to economic growth in the fourth quarter of 2017. The Commerce Department reported on Wednesday that wholesale inventories rebounded 0.8 percent after dropping 0.4 percent in October. The department said last month that wholesale inventories jumped 0.7 percent in November. The component of wholesale inventories that goes into the calculation of gross domestic product – wholesale stocks excluding autos – also increased 0.8 percent in November. Inventory investment contributed almost eight-tenths of a percentage point to the economy’s 3.2 percent annualized growth pace in the third quarter, accelerating in the third quarter of 2017. Sales at wholesalers increased 1.5 percent in November after increasing 0.8 percent in October. At November’s sales pace, it would take wholesalers 1.24 months to clear shelves, the fewest since November 2014 and down from 1.25 months in October. [Reuters]