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Koch Network backs Democratic "Dreamer" proposal

Chuck Schumer
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
Axios 9 hours ago
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Ina Fried 10 hours ago
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Qualcomm confirms it is in the midst of layoffs

Qualcomm chip
Photo: Qualcomm

Chipmaker Qualcomm confirmed to Axios it is in the process of job cuts, but declined to say how many employees were being laid off. "As part of the cost reduction plan announced in January, Qualcomm is conducting a reduction of our full-time and temporary workforce," the company said in a statement.

Why it matters: The company announced plans to cut costs in January as it grappled with a number of factors including a hostile takeover bid from Broadcom, a legal dispute with Apple as well as antitrust issues around the globe.