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Central American migrant children taking part in the 'Migrant Viacrucis' caravan towards the United States. Photo: Victoria Razo/AFP/Getty Images

Almost 1,500 migrant children are unaccounted for after being placed with sponsors by the Department of Health and Human Services, according to a top HHS official's testimony on Thursday the New York Times reports.

The details: Acting assistant secretary of HHS' Administration for Children and Families, Steven Wagner, told the Senate homeland security subcommittee that the department learned of 1,475 missing kids after calling to check in with their sponsors. This comes as the HHS and Department of Homeland Security are working towards an agreement on "joint procedures" for handling unaccompanied children. They're a year past the agreed upon deadline, per the NYT.

There have been problems before with migrant children being handed over to human traffickers, and that concern has been raised with this number of kids missing.

  • Per the Times, unaccompanied children who arrive at the border are either taken into custody or turn themselves over. They are then processed, turned over to the refugee office at HHS, and housed in a shelter before being given to sponsors.

Who are the sponsors: The sponsors, per the Times, are "usually parents or family members already residing in the United States," and are supposed to have gone through "a detailed background check."

  • The department is supposed to follow up with the sponsors after housing the children to make sure they are "enrolled in school and are aware of their court dates," but immigration advocates told the Times that HHS "did very little follow-up."

Go deeper

Top general: Calls to China were "perfectly within the duties" of job

Gen. Mark Milley. Photo: Andrew Harrer/Bloomberg via Getty Images

Joint Chiefs Chairman Mark Milley told the Associated Press on Friday that calls with his Chinese counterpart during the final months of Donald Trump's presidency were "perfectly within the duties and responsibilities" of his job.

Why it matters: In his first public comments on the calls that have prompted critics to question whether the general went too far, Milley maintained that such conversations are "routine," per AP.

The consumer's massive "war chest"

Illustration: Megan Robinson/Axios

Economists expect the pace of economic growth to cool off now that government transfer payments like stimulus checks and emergency unemployment benefits are in the rearview mirror. But evidence suggests that the U.S. consumer is sitting on a lot of financial firepower that could be a key driver of growth in the quarters to come.

Why it matters: U.S. consumer spending is massive, representing about 70% of GDP.

The Fed takes on its own rules amid stock trading controversy

Photo: Al Drago/Bloomberg via Getty Images

New disclosures that showed Fed officials were active in financial markets set off a firestorm of criticism. Now the Fed may overhaul the long-standing rules that allow those transactions.

Why it matters: What officials actively traded was sensitive to the Fed decisions they helped shape, including the unprecedented support that underpinned a massive financial market boom.