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Photo: Alex Wong via Getty Images

In a speech Saturday afternoon, President Trump confirmed that in order to end the government shutdown, he is proposing a 3-year extension of protections for DACA recipients and Temporary Protected Status (TPS) holders in exchange for $5.7 billion in border funding, as first reported by Axios' Jonathan Swan.

The big picture: As indicated by House Speaker Nancy Pelosi 30 minutes before Trump's address, this proposal is likely dead on arrival. Pelosi said in a statement: "[Trump's] his proposal is a compilation of several previously rejected initiatives, each of which is unacceptable and in total, do not represent a good faith effort to restore certainty to people's lives."

  • Senate Minority Leader Chuck Schumer also issued a statement, saying: "It was the President who singled-handedly took away DACA and TPS protections in the first place — offering some protections back in exchange for the wall is not a compromise but more hostage taking.”
  • Other Democrats and aides echoed that same sentiment and said Trump must reopen the government so the two sides can fully negotiate on border security proposals.

Details: Trump also said the plan, which will be brought to the Senate floor by Majority Leader Mitch McConnell this week, will include funding for several other security measures.

  • $800 million in "urgent humanitarian assistance."
  • $805 million for drug detection technology ports of entry.
  • 2,750 additional border agents and law enforcement.
  • 75 new immigration judge teams to reduce court backlog of 900,000 cases.
  • A new system to allow Central American minors to apply for asylum in their home countries and reform to promote family reunification for unaccompanied children.
  • 3 years of legislative relief for 700,000 DACA recipients, which will give them access to work permits, social security numbers and protection from deportation.
  • 3-year extension of TPS.
  • $5.7 billion for border wall.

At a meeting with reporters, which was attended by Vice President Mike Pence, Homeland Secretary Kirstjen Nielsen, Jared Kushner, chief of staff Mick Mulvaney and head of legislative affairs Shahira Knight, Pence insisted that this is "not an amnesty bill" and that there is "no pathway to citizenship" — likely in an effort to head off backlash from members of Trump's conservative base.

Between the lines: Pence also told reporters that officials had gotten the idea of bringing TPS and DACA to the negotiating table from conversations with "rank and file" Democrats. In other words, as PBS' Yamiche Alcindor notes, the White House is "looking for Dems to break ranks with Pelosi and Schumer and support Trump’s plan."

Go deeper: Behind the scenes of Trump's shutdown compromise

Go deeper

The Biden protection plan

Joe Biden announces his first run for the presidency in June 1987. Photo: Howard L. Sachs/CNP/Getty Images

The Joe Biden who became the 46th president on Wednesday isn't the same blabbermouth who failed in 1988 and 2008.

Why it matters: Biden now heeds guidance about staying on task with speeches and no longer worries a gaffe or two will cost him an election. His staff also limits the places where he speaks freely and off the cuff. This Biden protective bubble will only tighten in the months ahead, aides tell Axios.

Bush labels Clyburn the “savior” for Democrats

House Majority Whip James Clyburn takes a selfie Wednesday with former President George W. Bush. Photo: Patrick Semansky-Pool/Getty Images

Former President George W. Bush credited Rep. James Clyburn with being the "savior" of the Democratic Party, telling the South Carolinian at Wednesday's inauguration his endorsement allowed Joe Biden to win the party's presidential nomination.

Why it matters: The nation's last two-term Republican president also said Clyburn's nod allowed for the transfer of power, because he felt only Biden had the ability to unseat President Trump.

GOP research firm aims to hobble Biden nominees

Alejandro Mayorkas. Photo: Joshua Roberts/AFP via Getty Images

The Republican-aligned opposition research group America Rising is doing all it can to prevent President Biden from seating his top Cabinet picks.

Why it matters: After former President Trump inhibited the transition, Biden is hoping the Republican minority in Congress will cooperate with getting his team in place. Biden hadn't even been sworn in when America Rising began blasting opposition research to reporters targeting Janet Yellen and Alejandro Mayorkas.