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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

Biden's reengineer-America moment

Illustration: Sarah Grillo/Axios

The Senate's bipartisan $1.2 trillion infrastructure bill and President Biden's $3.5 trillion spending package could live or die this week — and take Democrats' fortunes with them. But all the minute-by-minute political drama obscures how much America could change if even a fraction of it passes.

The big picture: Anything short of total failure could have a transformative impact on day-to-day life — from how we move around to our access to the internet, paid family leave and child care, health care and college.

Dan Primack, author of Pro Rata
57 mins ago - Economy & Business

Pandemic concerns change economic growth forecast

Illustration: Sarah Grillo/Axios

Business economists have tempered their 2021 growth expectations, cutting nearly a point off their annual GDP forecast since earlier this year, according to the NABE outlook survey released today.

Why it matters: This reflects increased concerns over the pandemic's impact on the economy, particularly due to the spread of Delta and other variants. Panelists said that a faster vaccine rollout could improve their outlooks.

Updated 2 hours ago - World

German election: Social Democrats narrowly beat Angela Merkel's bloc

SPD leader Olaf Scholz. Photo: Sean Gallup/Getty Images

BERLIN — The center-left Social Democratic Party (SDP) clinched a narrow victory in Germany's historic federal elections on Sunday, just four years after suffering its worst loss since World War II.

Why it matters: It's a stunning political comeback for the SPD, paving the way for its chancellor candidate Olaf Scholz to form a new governing coalition and lead Europe's largest economy into the post-Merkel era.