Senate Fails To Pass Immigration Legislation
February 16, 2018
Senate votes down both immigration proposals; Department of Energy must implement Obama rules; Consumer sentiment beats economists’ estimates.
- Senate votes down both immigration proposals. After the immigration debate heated up this week, the Senate failed to pass either a bipartisan proposal authored by centrist Republicans and Democrats or a proposal supported by the White House, to finally reform immigration and resolve the status of DACA recipients. It was a frustrating end to the long running immigration debate, made complicated by President Trump’s threats to veto the bipartisan legislation. The failed vote leaves Dreamers in limbo, and places both parties’ far wings against their centrist counterparts. Liberal Democrats were dissatisfied by the bill’s language limiting citizen opportunity for Dreamer parents and funding for Trump’s border wall, while the Republican party’s right wing refused to support the bipartisan proposal. [Politico]
- Department of Energy must implement Obama rules. President Trump’s effort to scuttle four Obama-era energy efficiency rules have been blocked by the courts. After the President took advantage of a 45-day corrections period to attempt to block energy efficiency standards for a number of appliances, courts ruled the President could not use the error-correct period to gut the rules entirely. The ruling serves as a setback to the President, who has worked to undo much of the rulemaking that occurred under President Obama, especially in the realm of environmental standards. Other judges have ruled against the administration on several Energy Department issues, like methane standards for drilling, and use of federal land for fossil fuels. [The Hill]
Economic Indicators & News
- Consumer sentiment beats economists’ estimates. US consumer sentiment beat expectations this month, with the index reading 99.9, marking a large, 4.4% increase from the previous month. Consumers, unworried about the stock market’s volatility, were focused on more positive economic news, including rising wages and job growth. The reading far exceeds the average reading in 2017 of 96.8. [CNBC]