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Photo: Alex Wong via Getty Images

In a speech Saturday afternoon, President Trump confirmed that in order to end the government shutdown, he is proposing a 3-year extension of protections for DACA recipients and Temporary Protected Status (TPS) holders in exchange for $5.7 billion in border funding, as first reported by Axios' Jonathan Swan.

The big picture: As indicated by House Speaker Nancy Pelosi 30 minutes before Trump's address, this proposal is likely dead on arrival. Pelosi said in a statement: "[Trump's] proposal is a compilation of several previously rejected initiatives, each of which is unacceptable and in total, do not represent a good faith effort to restore certainty to people's lives."

  • Senate Minority Leader Chuck Schumer also issued a statement, saying: "It was the President who singled-handedly took away DACA and TPS protections in the first place — offering some protections back in exchange for the wall is not a compromise but more hostage taking.”
  • Other Democrats and aides echoed that same sentiment and said Trump must reopen the government so the two sides can fully negotiate on border security proposals.

Details: Trump also said the plan, which will be brought to the Senate floor by Majority Leader Mitch McConnell this week, will include funding for several other security measures.

  • $800 million in "urgent humanitarian assistance."
  • $805 million for drug detection technology ports of entry.
  • 2,750 additional border agents and law enforcement.
  • 75 new immigration judge teams to reduce court backlog of 900,000 cases.
  • A new system to allow Central American minors to apply for asylum in their home countries and reform to promote family reunification for unaccompanied children.
  • 3 years of legislative relief for 700,000 DACA recipients, which will give them access to work permits, social security numbers and protection from deportation.
  • 3-year extension of TPS.
  • $5.7 billion for border wall.

At a meeting with reporters, which was attended by Vice President Mike Pence, Homeland Secretary Kirstjen Nielsen, Jared Kushner, chief of staff Mick Mulvaney and head of legislative affairs Shahira Knight, Pence insisted that this is "not an amnesty bill" and that there is "no pathway to citizenship" — likely in an effort to head off backlash from members of Trump's conservative base.

Between the lines: Pence also told reporters that officials had gotten the idea of bringing TPS and DACA to the negotiating table from conversations with "rank and file" Democrats. In other words, as PBS' Yamiche Alcindor notes, the White House is "looking for Dems to break ranks with Pelosi and Schumer and support Trump’s plan."

Go deeper: Behind the scenes of Trump's shutdown compromise

Go deeper

DiDi to delist from NYSE under Chinese govt pressure

Illustration: Sarah Grillo/Axios

Chinese ride-hail giant DiDi said it will delist from the New York Stock Exchange, following a Chinese government crackdown on foreign listings.

Why it matters: This reflects how geopolitical tensions are bleeding into the capital markets.

Updated 30 mins ago - Health

Omicron cases confirmed in 5 U.S. states

A healthcare worker inserts a Covid-19 rapid test into a machine in Denver, Colorado. Photo: Daniel Brenner/Bloomberg via Getty Images

Hawaii became on Thursday the fifth state to confirm the newly discovered Omicron variant after New York announced five new cases earlier in the day.

The latest: In Hawaii, the variant was found in an unvaccinated O'ahu resident with moderate symptoms who had previously been infected with COVID-19, per a state health department statement. The variant has also been confirmed in California, Colorado and Minnesota.

Senate Dems receive max donations from Nord Stream 2 lobbyist

Illustration: Annelise Capossela/Axios

A major Democratic donor and Nord Stream 2 lobbyist has made maximum campaign contributions this year to Senate Majority Leader Chuck Schumer and vulnerable Senate Democrats, campaign finance records show.

Why it matters: If pressure from the White House to vote against reimposing sanctions on the Russia-backed natural gas pipeline weren't enough, Democrats who back such legislation also will be at loggerheads with one of their party's top fundraisers.