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U.S. Senate Minority Leader Sen. Chuck Schumer. Photo: Alex Wong/Getty Images

The Koch network, including Freedom Partners, Americans for Prosperity and the LIBRE Initiative, has come out in support of an immigration deal pitched by Democratic leadership that would create a pathway to permanent citizenship for 1.8 million "Dreamers" while giving $25 billion to a border wall. The White House's proposal was a temporary extension of DACA for a smaller population.

Why it matters: The Koch network is hugely influential with Republicans and certain factions within the White House. Its support could tip the scale toward finally clenching an immigration deal.

“If a deal was on the table that offered both security at the border and permanent status for Dreamers, that’s a deal that Republicans, Democrats and President Trump should support. We cannot continue to allow politics to stand in the way of finding a solution to this problem. Dreamers grew up in America, add to our culture, contribute to the economy, serve in the military, and seek the opportunity to continue applying their skills and talents here. Congress owes them - and the country - a solution on this.”
Nathan Nascimento, EVP of Freedom Partners Chamber of Commerce

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Treasury Secretary nominee and former Fed chair Janet Yellen's confirmation hearing before the Senate Finance Committee on Tuesday showed markets just what they can expect from the administration of President-elect Joe Biden: more of what they got under President Trump — at least for now.

What it means: Investors and big companies reaped the benefits of ultralow U.S. interest rates and low taxes for most of Trump's term as well as significant increases in government spending, even before the coronavirus pandemic.

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Biden to sign 15 executive actions on Day One

President-elect Joe Biden. Photo: SAUL LOEB/AFP via Getty Images

President-elect Joe Biden is expected to sign 15 executive actions upon taking office Wednesday, immediately reversing key Trump administration policies.

Why it matters: The 15 actions — aimed at issues like climate change and immigration — mark more drastic immediate steps compared with the two day-one actions from Biden's four predecessors combined, according to incoming White House press secretary Jen Psaki.

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The Swamp wins

President Trump on Jan. 28, 2017, with two aides he later pardoned — national security adviser Michael Flynn and strategist Steve Bannon. Photo: Drew Angerer/Getty Images

It was 12:50 a.m. on Inauguration Day when President Trump announced 143 pardons and commutations — including a pardon for Steve Bannon. 17 minutes later, the White House released an executive order that said it all about his failure to "drain the Swamp," as he'd promised in the '16 campaign.

Driving the news: Trump revoked an executive order, signed eight days after he took office, that limits his appointees' lobbying for five years after leaving the administration.