Jul 3, 2018

The Trump administration's push to cut legal immigration

Photo: Al Drago/Pool via Getty Images

"The Trump administration is making inroads into ... reducing legal immigration," the WashPost reports. "The number of people receiving visas to move permanently to the United States is on pace to drop 12 percent in President Trump’s first two years in office, according to a Washington Post analysis of State Department data."

The details: "Among the most affected are the Muslim-majority countries on the president’s travel ban list — Yemen, Syria, Iran, Libya and Somalia — where the number of new arrivals to the United States is heading toward an 81 percent drop by Sept. 30, the end of the second fiscal year under Trump."

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Jacob Knutson

Peter Navarro defends hydroxychloroquine use in heated CNN interview

White House economic adviser Peter Navarro defended the use of anti-malarial drug hydroxychloroquine to treat coronavirus during a CNN interview Monday, highlighting "the possibility" that it has therapeutic efficacy.

Why it matters: Navarro did not deny reporting from Axios' Jonathan Swan that he got into a heated exchange in the White House Situation Room over the weekend with infectious disease expert Dr. Anthony Fauci about the drug's prospects against the illness.

Go deeper9 mins ago - Politics & Policy

Caitlin Owens

Special report: Health care workers vs. coronavirus

Photo Illustration: Sarah Grillo/Axios. Photos: Angela Weiss/AFP via Getty Images, Bruce Bennett/Getty Images, and Europa Press News/Europa Press via Getty Images

Health care workers are at an especially high risk of catching the coronavirus, because of their prolonged exposure to patients who have it. Making matters worse, the U.S. doesn't have enough of the protective equipment, like masks and gloves, that keeps them safe.

And yet these workers, with loved ones of their own, keep showing up at hospitals across the country, knowing that more Americans than they can possibly care for are depending on them.

Go deeper50 mins ago - Health

Dion Rabouin

Backed by the Fed, bond investors get bullish

Illustration: Sarah Grillo/Axios

The Fed's massive injections of liquidity have reopened much of the bond market, and after back-to-back weeks in which more than $100 billion flowed out of bond funds, investors have regained their bearings and now see opportunity.

What's happening: But after the hemorrhaging outflows relented last week, bulls may now be sticking their heads out a bit too far. Junk bond funds took in more than $7 billion for the week ended April 1, according to Refinitiv Lipper, setting a new weekly record.

Go deeper1 hour ago - Economy & Business