WASHINGTON—A bipartisan banking bill to roll back some Dodd-Frank regulations appears likely to clear the Senate this week. Banking Committee chairman Sen. Mike Crapo, R-Idaho, introduced the bill last fall and has garnered significant support from across the aisle. The legislation passed out of the committee 16-7 in December. “There will be a split in the caucus,” Sen.
WASHINGTON—President Donald Trump said Monday he would cancel his forthcoming tariffs on steel and aluminum imports if Canada and Mexico agree to sign a new NAFTA agreement. “We have large trade deficits with Mexico and Canada,” he tweeted. “NAFTA, which is under renegotiation right now, has been a bad deal for U.S.A. Massive relocation of companies & jobs.
WASHINGTON—Monday marks the deadline set by President Donald Trump to find a legislative solution for the Deferred Action for Childhood Arrivals (DACA) program, but recipients likely won’t feel any immediate effects. Trump announced the demise of DACA in September with a six-month delay for Congress to reach an agreement on how to replace the Obama-era program that protects immigrants brought to the country illegally as minors. Lawmakers failed to pass any immigration legislation despite bipartisan support to protect the 700,000 DACA recipients.
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