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
-
Energy-Efficiency Credits — Get ’Em While You CanGreen energy-efficiency credits are on the chopping block. These tax credits can be valuable, but you should upgrade your home sooner rather than later.
-
Retire in Japan: It Ain’t Easy, Unless You’re Very SpecialPeople find relocating to Japan worth the effort, as long as you can jump through those administrative hoops and be open to a flexible view of “retirement.”
-
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.
-
The Economic Impact of the US-China Trade WarThe Letter The US-China trade war will impact US consumers and business. The decoupling process could be messy.
-
Trump Dials Back Most Tariffs but Targets ChinaThe Kiplinger Letter Wall Street hopes that higher tariffs on most countries are on hold for good. But the trade war between the U.S. and China is heating up.
-
Trump's Sweeping New Tariffs Rattle Wall Street, Main StreetThe Kiplinger Letter Trump is promising that the short-term pain of steep new tariffs on imports will spark a manufacturing renaissance. But they pose major risks in the near term.
-
Congressional Republicans Tackle Trump's AgendaThe Kiplinger Letter Despite slim majorities in both chambers, the GOP is gearing up to overhaul taxes, border security and more.
