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The issue

President Trump unveiled today an executive action to get to work on his wall on our border with Mexico.

The facts

Trump wants a 1,000 mile wall, constructed of concrete and steel, between 35-60 feet high. The other 1,000 miles of the border won't need a wall because of natural obstacles, including mountains and deserts. Trump says the wall will cost $8-12 billion, but the MIT Technology Review took a more critical look and predicts between $27-40 billion.

There's already about 650 miles of fencing on the border, courtesy of a 2006 law signed by George W. Bush. The effort focused on high traffic areas for border crossings of illegal immigrants and drugs, and cost a little less than $3 billion. Previous attempts to build a bigger wall or install more high fencing stalled in Congress.

Expand chart
Data: OpenStreetMap; Map: Lazaro Gamio / Axios

What's next: Trump plans to have Congress pay for the first part of the wall using that 2006 law. He claims he'll get Mexico to pay us back using NAFTA re-negotiations and by potentially freezing remittances from Mexican nationals in the United States. Mexico says that won't happen.

Go deeper

Senate confirms retired Gen. Lloyd Austin as defense secretary

Photo: Greg Nash-Pool/Getty Images

The Senate voted 93-2 on Friday to confirm retired Gen. Lloyd Austin as secretary of defense. Sens. Mike Lee (R-Utah) and Josh Hawley (R-Mo.) were the sole "no" votes.

Why it matters: Austin is the first Black American to lead the Pentagon and President Biden's second Cabinet nominee to be confirmed.

House will transmit article of impeachment to Senate on Monday, Schumer says

Photo: Drew Angerer/Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) announced that the House will deliver the article of impeachment against former President Trump for "incitement of insurrection" on Monday.

Why it matters: The Senate is required to begin the impeachment trial at 1pm the day after the article is transmitted.

Dan Primack, author of Pro Rata
2 hours ago - Politics & Policy

Private equity bets on delayed tax reform in Biden administration

Illustration: Brendan Lynch/Axios

In normal times, private equity would be nervous about Democratic Party control of both the White House and Congress. But in pandemic-consumed 2021, the industry seems sanguine.

Driving the news: Industry executives and lobbyists paid very close attention to Treasury Secretary nominee Janet Yellen's confirmation hearings this week, and came away convinced that tax reform isn't on the near-term agenda.