Sep 1, 2017

GOP leaders tell Trump to let Congress fix DACA

Don Ryan / AP

President Trump is expected to soon announce a decision on whether to end DACA, the Obama-era policy that temporarily shields illegal immigrants brought to America as children.

  • The problem: GOP leadership in both houses of Congress — and a number Republicans in the Senate — are for keeping the policies behind DACA in place, but most House Republicans oppose DACA.
  • Paul Ryan earlier today on Trump ending DACA: "I actually don't think he should do that. I believe that this is something that Congress has to fix."
  • Why it matters: Even though many Republicans agree with the principles behind DACA, they think that Obama's decision to utilize an executive order to enforce it overstepped the bounds of his office. They want a congressional solution via legislation, but that would require getting their colleagues in the House on board — plus, they'd need President Trump to sign any bill into law.

How to make it happen: Per WaPo, the BRIDGE Act, co-sponsored by Republican Sen. Lindsey Graham and Democratic Sen. Dick Durbin, is a bill that would implement all of the provisions in DACA and seems set to pass the Senate. But it would need 23 Republicans to support it, assuming every Democrat is on board, and only a handful of GOP representatives have wholeheartedly endorsed the BRIDGE Act.

What happened in the past: The original DREAM Act got just eight GOP votes in the House and only 2 of those representatives remain. And in 2015, 26 House GOPers voted against an amendment to a DHS funding bill that would have scrapped DACA — though the amendment still ultimately passed.

Go deeper

HBCUs are missing from the discussion on venture capital's diversity

Illustration: Eniola Odetunde/Axios

Venture capital is beginning a belated conversation about its dearth of black investors and support of black founders, but hasn't yet turned its attention to the trivial participation of historically black colleges and universities (HBCUs) as limited partners in funds.

Why it matters: This increases educational and economic inequality, as the vast majority of VC profits go to limited partners.

Unemployment rate falls to 13.3% in May

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. unemployment rate fell to 13.3% in May, with 2.5 million jobs gained, the government said on Friday.

Why it matters: The far better-than-expected numbers show a surprising improvement in the job market, which has been devastated by the coronavirus pandemic.

The difficulty of calculating the real unemployment rate

Data: U.S. Department of Labor; Note: Initial traditional state claims from the weeks of May 23 and 30, continuing traditional claims from May 23. Initial PUA claims from May 16, 23, and 30, continuing PUA and other programs from May 16; Chart: Andrew Witherspoon/Axios

The shocking May jobs report — with a decline in the unemployment rate to 13.3% and more than 2 million jobs added — destroyed expectations of a much worse economic picture.

Why it matters: Traditional economic reports have failed to keep up with the devastation of the coronavirus pandemic and have made it nearly impossible for researchers to determine the state of the U.S. labor market or the economy.