Apr 13, 2019

Pence joins Trump in denying return of family separations

Trump signs an executive order on June 20, 2018 to end to the separation of migrant families at the border. Photo: Mandel Ngan/ AFP/Getty Images

Vice President Mike Pence stood by the president's assertions on Friday that the administration does not plan to reinstate its policy of separating migrant families at the border, following an NBC report that 3 U.S. officials said Trump has urged a return of the policy.

The bottom line: Multiple sources told CNN the same thing, and said that Trump also advocated for separating families that entered through legal ports of entry. Whether the administration plans to bring back the policy or not, Trump is embracing increasingly extreme immigration ideas.

What they're saying: "The president made it very clear this week that we're not bringing back family separations," Pence told CNN on Friday, per the Hill.

The numbers that matter: It could take 2 years for federal officials to identify the 47,000 migrant children who were likely separated from their parents before the government began collecting data through its "zero-tolerance" immigration policy in April 2018.

Go deeper: Inside Trump's hardline new border plan

Go deeper

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.