The White House is reportedly considering cutting the US’s refugee admissions to nearly zero. For decades the program has admitted tens of thousands of people from all over the world fleeing persecution but under President Donald Trump the number being admitted has dramatically dropped. Now, according to the New York Times, which broke the story, Trump is considering several options that would, “all but end the United States’ status as one of the leading places accepting refugees from around the world.” A spokesperson for the group Refugees International told the paper, “At a time when the number of refugees is at the highest level in recorded history, the United States has abandoned world leadership in resettling vulnerable people in need of protection…The result is a world that is less compassionate and less able to deal with future humanitarian challenges.”
The Labor Department announced on Friday that the US economy added a disappointing 130,000 jobs in August, below the 160,000 that some economists had estimated. According to the Washington Post, “anemic hiring in manufacturing, mining, truck driving and retail — industries that are most directly affected by the trade war — helped drag employment gains down this summer.” Meanwhile the Federal Reserve published a report this week estimating that the costs to the US economy of uncertainty triggered by President Trump’s trade war is hundreds of billions of dollars. On the global scale the loss ads up to about $850 billion.
The Trump administration released a major plan this week to revamp the housing market. At the center of the plan is the privatizing of Freddie Mac and Fannie Mae, the two government-backed mortgage lenders that have helped finance about half of all home mortgages in the US. According to the Washington Post, “The long-awaited plan from the Treasury Department features nearly 50 proposals, including many technical changes to financial regulations, and is aimed at shrinking the government’s role in the housing market.” According to Treasury Secretary Steven Mnuchin Trump’s plan would, “protect taxpayers and help Americans who want to buy a home.” But Mike Calhoun, president of the nonprofit Center for Responsible Lending told NPR, “For working class Americans who want to buy a house this could make it much more difficult to get a mortgage and make the mortgage much more expensive.”
The Washington Post Editorial Board published a strongly worded opinion on Friday accusing President Trump of using the Russia-Ukraine conflict to meddle in the 2020 Presidential election. The US has been providing military aid to Ukraine to help stave off Russian incursions on its border. But the Post’s editors write, “we’re reliably told that the president … is attempting to force [Ukrainian President] Mr. Zelensky to intervene in the 2020 U.S. presidential election by launching an investigation o...