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Children and workers at a tent encampment near the Tornillo Port of Entry in Tornillo, Texas. Photo: Joe Raedle/Getty Images

New data obtained by the New York Times reveals that 12,800 migrant children are under federal detention as of this month — in contrast to the approximately 2,400 children in custody of May of last year — marking the highest record ever documented.

Key finding: The spike is in response to a drop in the number of children being released to stay with relatives and other sponsors, some of whom are discouraged from coming forward to sponsor children amid strict immigration enforcement, per the Times. The data collected by the Department of Health and Human Services also shows that the increase is not due to the influx of children crossing the border.

The details: The revelation comes a day after HHS said it plans to triple the size of an immigration detention camp outside El Paso to accommodate up to 3,800 migrant children by the end of this year. But Kenneth Wolfe, a spokesman for HHS, reportedly said the expansion comes as a result of the growing number of new arrivals at the border.

  • Meanwhile, the new data reveals that the placement process has slowed, per the Times. But federal officials said the vetting system is designed to safeguard the children in their care.

Go deeper

Federal Reserve expands lending program for small businesses

Federal Reserve Chairman Jerome Powell at a news conference in 2019. Photo: Eric Baradat/AFP via Getty Images

The Federal Reserve said on Friday it would again lower the minimum loan size for its pandemic-era small business program.

Details: Businesses and nonprofits will be able to borrow a minimum of $100,000 from the facility, down from $250,000 — a move that might attract smaller businesses that don't need as hefty of a loan. Since the program launched earlier this year, the minimum loan size has been reduced twice.

2 hours ago - Economy & Business

How Trump and Biden would steer the future of transportation

Illustration: Eniola Odetunde/Axios

President Donald Trump and Democratic challenger Joe Biden would likely steer automotive policy in different directions over the next four years, potentially changing the industry's road map to the future.

Why it matters: The auto industry is on the cusp of historic technological changes and the next president — as well as the next Congress — could have an extraordinary influence on how the future of transportation plays out.