Jun 15, 2018

White House: Trump would sign either immigration bill

Photo: Win McNamee/Getty Images

President Trump would sign either immigration bill up for a vote next week in the House, according to a White House statement, despite Trump telling reporters Friday morning that he wouldn't sign the new GOP immigration bill unveiled this week.

Why it matters: The president's support is crucial for the bill's chances when it's taken up by the House next week. Conservative and moderate Republicans, as well as House leadership, have spent weeks haggling over the details. The more conservative immigration bill by Rep. Bob Goodlatte will also get a vote next week, but it's not expected to pass.

White House deputy press secretary Raj Shah said in the statement that “in this morning's interview, [Trump] was commenting on the discharge petition in the House, and not the new package.

President Trump tweeted today that any immigration bill "MUST HAVE full funding for the Wall, end Catch & Release, Visa Lottery and Chain, and go to Merit Based Immigration“ — everything the new bill addresses.

Go deeper: What's inside the compromise bill

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Investment pros are selling while mom and pop buy the coronavirus dip

Illustration: Aïda Amer/Axios

As traders around the globe have frantically unloaded positions in recent weeks, so-called mom and pop retail investors have kept level heads and not sold out of stocks.

What they're saying: In fact, "the typical trader is buying equities on the dips," passive investment firm Vanguard notes in a research paper, adding that "older, wealthier traders are moving modestly to fixed income."

Zuckerberg: "Local journalism is incredibly important" to fighting coronavirus

Photo: Sven Hoppe/picture alliance via Getty Images

Mark Zuckerberg, signaling his personal involvement in a new Facebook commitment of $100 million to bolstering local journalism, told me that "very local work" is vital to his big mission of bringing the world closer together.

What he's saying: "Everyone believes that local journalism is incredibly important," Zuckerberg told Axios in a phone interview. "But everyone is connected to their local [outlets]. Figuring out how to make an impact, and support local journalism broadly and at scale, has been a challenge."

Facebook spending $100 million to help news outlets in coronavirus crisis

Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images

Facebook says it is spending $100 million to support news outlets around the world that have been impacted by the coronavirus, the company said Monday.

Why it matters: Whatever Facebook's motivation, this is a much-needed cash infusion at a critical time for the local news industry.