May 17, 2017

Non-criminal immigrant arrests spike under Trump

Charles Reed/U.S. Immigration and Customs Enforcement via AP

Non-criminal arrests by Immigration and Customs Enforcement (ICE) have more than doubled under Trump, rising to 10,800 between January 22 and April 29 this year compared 4,200 over a similar period last year. Why that's happening, per ICE:

ICE will no longer exempt any class of individuals from removal proceedings if they are found to be in the country illegally.

ICE added that its "agents and officers have been given clear direction to focus on threats to public safety and national security."

More than 41,000 people in total were arrested on immigration charges in those 100 days, a nearly 40% increase from last year.

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Scoop: Top NSC official reassigned to Energy Department amid "Anonymous" fallout

Photo: Mark Wilson/Getty Images

Deputy national security adviser Victoria Coates will be reassigned as a senior adviser to Energy Secretary Dan Brouillette, the National Security Council said Thursday — and a senior White House official said that the administration "rejects" the rumors that she is "Anonymous."

Why it matters: Coates has battled claims that she is the still-unknown Trump administration official that penned a New York Times op-ed and book critical of President Trump.

The Fed may be setting the table for 2020 rate cuts

Illustration: Sarah Grillo/Axios

The Fed looks to be laying the groundwork to lower U.S. interest rates this year, just as they did in April 2019 before cutting rates in July, September and October.

Why it matters: A Fed rate cut makes taking on debt more attractive for U.S. consumers and businesses, helping to juice the economy, but also puts the central bank in a weaker position to fight off a potential recession.

Morgan Stanley to buy E*Trade in a $13 billion deal

Photo: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Morgan Stanley is planning to buy E*Trade Financial Corp. in a $13 billion all-stock deal, the Wall Street Journal reports, with plans to acquire the company known for helping everyday Americans manage their money.

Why it matters: The deal, which would be the largest by a major American bank since the financial crisis, signals Morgan Stanley‘s desire to bulk up in wealth management.