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Democratic presidential hopeful Julián Castro has launched a far-reaching immigration reform policy. Photo: Mark Wilson/Getty Images

Democratic presidential hopeful Julián Castro told MSNBC's "The Rachel Maddow Show" Tuesday the U.S. needs immigration and if President Trump's policies aren't reversed, the nation may end up "begging" for migrants.

Several of the industries in this country benefit already from their labor. We need a young and vibrant workforce. ... immigrants seeking refuge in our country aren’t a threat to national security. "

The big picture: Castro's comments came as he launched his far-reaching "People First" immigration reform policy. The former Secretary of Housing and Urban Development, who served under then-President Obama, told Maddow he wants to return to treating immigration treating immigration as a civil issue, rather than a criminal one.

"We should decriminalize people who are coming here, crossing the border. ... We need to end detention. I don't think we should be putting people in cages. We need to increase the number of refugees that we take into this country. ...
"The truth is, immigrants seeking refuge in our country aren’t a threat to national security. Migration shouldn’t be a criminal justice issue. It’s time to end this draconian policy ..."

The other side: For the president, the issue is very much a security one. Trump said earlier Tuesday shutting the southern border was "going to have a negative impact on the economy," the New York Times reports. "[But] security is more important to me than trade."

Go deeper: Julián Castro: Everything you need to know about the 2020 candidate

Go deeper

Netflix tops 200 million global subscribers

Illustration: Rebecca Zisser/Axios

Netflix said that it added another 8.5 million global subscribers last quarter, bringing its total number of paid subscribers globally to more than 200 million.

The big picture: Positive fourth quarter results show Netflix's resiliency, despite increased competition and pandemic-related production headwinds.

Janet Yellen plays down debt, tax hike concerns in confirmation hearing

Treasury Secretary nominee Janet Yellen at an event in December. (Photo: Alex Wong via Getty Images)

Janet Yellen, Biden's pick to lead the Treasury Department, pushed back against two key concerns from Republican senators at her confirmation hearing on Tuesday: the country's debt and the incoming administration's plans to eventually raise taxes.

Driving the news: Yellen — who's expected to win confirmation — said spending big now will prevent the U.S. from having to dig out of a deeper hole later. She also said the Biden administration's priority right now is coronavirus relief, not raising taxes.

Trump gives farewell address: "We did what we came here to do"

Photo: Mandel Ngan/AFP via Getty Images

President Trump gave a farewell video address on Tuesday, saying that his administration "did what we came here to do — and so much more."

Why it matters, via Axios' Alayna Treene: The address is very different from the Trump we've seen in his final weeks as president — one who has refused to accept his loss, who peddled conspiracy theories that fueled the attack on the Capitol, and who is boycotting his successor's inauguration.