To help you understand what's happening in politics, law-making and what we expect to happen in the future, our highly experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest…
The Biden administration will resume building the southern border wall. But only begrudgingly, according to President Biden, who says his hands are tied, since the administration failed to convince Congress to redirect funds first appropriated in 2019 for constructing a wall on the southern border. But, the president has notably waived 26 federal laws, many of them related to the environment, to allow for the construction of 20 additional miles of wall.
The politics of the issue are tricky for Biden, who, during his first days in office, halted his predecessor’s use of emergency funds for wall construction and just recently reiterated his view that such barriers were largely ineffective.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
On the one hand, immigration is one of his greatest political weaknesses. Roughly 65% of voters, on average, disapprove of his handling of the issue. He’s seen nearly six million illegal border crossings since taking office. On the other, he risks dividing Democrats, some of whom agree that a border wall is needed, while others say Biden has betrayed his promises.
This past September, in response to questions from Reuters, U.S. Customs and Border Protection (CBP) said it was "safely and efficiently" processing migrants and would impose consequences, including deportation, on migrants without a legal basis to stay in the country.
This forecast first appeared in The Kiplinger Letter, which has been running since 1923 and is a collection of concise weekly forecasts on business and economic trends, as well as what to expect from Washington, to help you understand what’s coming up to make the most of your investments and your money. Subscribe to The Kiplinger Letter.
Related Content
-
Gen X? Challenges Lie Ahead as Retirement NearsTapping home equity and working longer are key strategies that can help overcome a savings shortfall.
-
How Grandparents Can Help with Education ExpensesBefore paying for your grandkids' education, it's important to consider how to help them without risking your own retirement. Here are 10 things to think about.
-
More Shutdown Struggles Ahead for Divided CongressThe Kiplinger Letter Failure to pass a government funding bill by September 30 would trigger a shutdown of many federal services.
-
Trump-Era Regulations Will Broaden Access to CryptoThe Kiplinger Letter The president wants to make the U.S. the leader in digital assets.
-
Big Changes Are Ahead for Higher EdThe Kiplinger Letter A major reform of higher ed is underway. Colleges are bracing for abrupt change, financial headwinds and uncertainty.
-
Breaking China's Stranglehold on Rare Earth ElementsThe Letter China is using its near-monopoly on critical minerals to win trade concessions. Can the U.S. find alternate supplies?
-
Will State Laws Hurt AI’s Future?The Kiplinger Letter Republicans in Congress are considering a moratorium on state AI laws. But it’s likely a growing patchwork of state AI regulations will be here for a while.
-
AI Goes To SchoolThe Kiplinger Letter Artificial intelligence is rapidly heading to K-12 classrooms nationwide. Expect tech companies to cash in on the fast-emerging trend.
-
The IRS is in ChaosThe Tax Letter DOGE, departures, data agreements and more are creating havoc at the IRS.
-
Trump's Second 100 DaysThe Kiplinger Letter President Trump's agenda faces legal and legislative roadblocks.
