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President Trump at the White House on August 3. Photo: Drew Angerer/Getty Images

President Trump told reporters on Monday that he had fired Tennessee Valley Authority (TVA) chair Skip Thompson after signing an executive order that targeted the federally owned company for outsourcing jobs to foreign countries.

Why it matters: TVA generates electricity and provides flood control and electricity generation for a region that covers most of Tennessee as well as sections of Mississippi, Kentucky, Alabama, Georgia, Virginia and North Carolina, AP reports.

What they're saying: "All TVA employees are U.S. based citizens. All jobs related to TVA’s Information Technology department must be performed by in the U.S. by individuals who may legally work in this country," the company said in response to the president.

  • "As a federal corporation, TVA’s Board members serve at the pleasure of the President. The Board’s by-laws allow for the Board to continue its oversight function with the loss of one or more of its members."
"We understand and support today's Executive Order. We want to ensure that U.S. employees have good opportunities through our employment and supply chain practices. We look forward to working with the White House, continuing a dialogue and supporting future policies in this direction."

Between the lines: "Trump acknowledged that he was made aware of the issue after seeing a television ad produced by U.S. Tech Workers, a nonprofit that wants to limit visas given to foreign technology workers, that aired in prime time on Fox News," AP's Zeke Miller reports.

Go deeper

The plunge in highly skilled work visas

Data: U.S. State Department via Migration Policy Institute: Note: Including E1, E2, H-1B, H-4, L-1, L-2, O-1, O-2, O-3, TN and TD visas; Chart: Andrew Witherspoon/Axios

Coronavirus has slammed the door on highly skilled foreign workers — amping up President Trump's push to limit American-based companies' hiring of foreigners.

Why it matters: The restrictions and bottlenecks may outlast the pandemic, especially if Trump wins reelection. Economists warn that could slow the U.S. recovery and reduce competitiveness.

Biden warned Putin of specific "consequences" if Russia invades Ukraine

Photo: Kremlin Press Office/Handout/Anadolu Agency via Getty Images

In a video call that lasted for just over two hours on Tuesday, President Biden warned Russian President Vladimir Putin that if Russia invades Ukraine the U.S. will impose unprecedented sanctions and provide additional weaponry to the Ukrainians, national security adviser Jake Sullivan said.

Why it matters: Russia's military activity on the border with Ukraine has triggered alarms from the U.S. and its European allies of a potential large-scale Russian invasion in early 2022. Sullivan said Biden made clear to Putin that, "things we did not do in 2014, we are prepared to do now."

Senate leaders sell members on debt limit deal

Sen. Chuck Schumer (L) and Sen. Mitch McConnell (R) Photo by Anna Moneymaker/Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) and Minority Leader Mitch McConnell (R-Ky.) are urging their respective caucuses to back a deal that would clear a path to raising the debt ceiling.

Driving the news: The agreement, negotiated by the two leaders and House Speaker Nancy Pelosi (D-Calif.), involves Congress passing a law allowing a one-time rule change so the Senate can raise the debt ceiling with just 51 votes, rather than the 60 typically needed to overcome the filibuster.

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