Jun 22, 2017

Trump rolls out immigration, wall proposals in Iowa rally

Susan Walsh / AP

At a rally in Iowa Wednesday night — seeming to enjoy himself as he deviated from prepared remarks and held forth for over an hour:

  • Immigration: Trump said he would introduce legislation stating that immigrants cannot receive welfare until they have been in the U.S. for 5 years — a 5 year ban is already in place under current law, so it's unclear what Trump would be modifying.
  • The wall: Axios' Jonathan Swan reported earlier this month that Trump had pitched Congressional Republicans a solar-paneled border wall. Tonight, he spoke about it publicly for the first time, giving himself a bit of credit — "pretty good imagination, right? My idea."
  • On hiring rich people for roles like Commerce Secretary: "I love all people, rich or poor. But in those particular positions I just don't want a poor person."

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Congress' $250 billion PPP injection could come too late for some businesses

Illustration: Sarah Grillo/Axios

Before the Paycheck Protection Program formally launched last Friday, we knew two things: The rollout would be rocky, and the initial $250 billion wouldn't be enough for America's small businesses.

The state of play: Banks and government officials have been working to smooth out the process, and on Thursday the Senate will vote to pump another $250 billion into the program.

Fauci: Social distancing could reduce coronavirus death toll to 60,000

Photo: Chip Somodevilla/Getty Images

Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, told NBC's "Today" on Thursday that he's hopeful that social-distancing measures in place across the U.S. will reduce the total number of coronavirus deaths.

Why it matters: Fauci said that while early models projected between 100,000 and 200,000 U.S. deaths from the pandemic, he now believes that number could come down to 60,000 — but he emphasized the importance of keeping social distancing in place to ensure that trend holds.

Go deeperArrow25 mins ago - Health

OPEC+ and G20 energy meetings mark zero hour for oil diplomacy

Illustration: Aïda Amer/Axios

The next two days will be pivotal for determining whether large oil-producing countries can partially stabilize an industry reeling from very low prices and the historic, coronavirus-fueled collapse in demand.

Driving the news: The OPEC+ group led by Saudi Arabia and Russia begin meeting remotely later Thursday morning to discuss production cuts, to be followed by a virtual Friday meeting among G20 energy ministers that includes the U.S.