Ted Cruz introduces "EL CHAPO Act" to pay for the wall

Senator Ted Cruz wants to use assets seized from drug lords such as El Chapo, the Mexican kingpin who was recently extradited to the U.S., to pay for border security and the border wall.

• The idea: U.S. prosecutors are seeking $14 billion in drug profits and other assets from El Chapo. They also routinely seize the assets of other drug dealers and traffickers.
• The Cruz quote: "Fourteen billion dollars will go a long way toward building a wall that will keep Americans safe and hinder the illegal flow of drugs, weapons, and individuals across our southern border."
• The acronym's meaning: Ensuring Lawful Collection of Hidden Assets to Provide Order
• Why it matters: President Trump is trying to figure out how to pay for his border wall, which will require American taxpayers to front the bill, but Republicans aren't helping at the moment.