Jul 1, 2017

Trump admin now arresting immigrant parents

Gregory Bull / AP

Parents are the latest target in the Trump administration's crackdown on immigration. Last week, ICE began arresting parents who paid smugglers to escort their children to the U.S., NYT reports. Previously, ICE focused on arresting the smugglers, but this new immigration strategy penalizes the parents who organized travel so their children could join them in the U.S.

Why it matters: This could make thousands of parents vulnerable to being arrested just as their children arrive. Immigration advocates argue this will separate families — when kids are detained at the border, they are typically sent to stay with parents or another relative, but this new rule would send their parents to jail instead. Therefore, the children would either be paired with another relative living in the states or, if that's not possible, they'll be sent to a juvenile immigration detention center.

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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.