The total number of overstays is much larger but has not been quantified because it does not include how many people arrive and leave by land. The cost and technological hurdles to develop a checkout system at congested land crossings are enormous.
Meanwhile, House Oversight Chairmanof Kentucky, a Republican, requested transcribed interviews with five Biden aides, alleging they had participated in a “cover-up” that amounted to “one of the greatest scandals in our nation’s history.”
“These five former senior advisors were eyewitnesses to President Biden’s condition and operations within the Biden White House,” Comer said in a statement. “They must appear before the House Oversight Committee and provide truthful answers about President Biden’s cognitive state and who was calling the shots.”Interviews were requested with White House senior advisers Mike Donilon and Anita Dunn, former White House chief of staff Ron Klain, former deputy chief of staff Bruce Reed and Steve Ricchetti, a former counselor to the president.Comer reiterated his call for Biden’s physician, Kevin O’Connor, and former senior White House aides Annie Tomasini, Anthony Bernal, Ashley Williams and Neera Tanden to appear before the committee. He warned subpoenas would be issued this week if they refuse to schedule voluntary interviews.
“I think that people will start coming in the next two weeks,” Comer told reporters. He added that the committee would release a report with its findings, “and we’ll release the transcribed interviews, so it’ll be very transparent.”Democrats have dismissed the effort as a distraction.
“Chairman Comer had his big shot in the last Congress to impeach Joe Biden and it was, of course, a spectacular flop,” said Rep. Jamie Raskin, the Maryland Democrat who served as the ranking member on the oversight committee in the previous Congress. “And now he’s just living off of a spent dream. It’s over. And he should give up the whole thing.”
Republicans on the committee are eager to pursue the investigation.Following the reports, traders built up bets that the
will need to cut interest rates later this year in order to prop up the economy, which in turn caused the fall for Treasury yields. The weaker-than-expected ADP report also pushed Trump to call on Fed Chair Jerome Powell to deliver cuts to rates more quickly.“‘Too Late’ Powell must now LOWER THE RATE,” Trump said on his Truth Social platform. “He is unbelievable!!!”
The Fed has yet to cut interest rates this year after slashing them through the end of 2024. Part of the reason for the pause is that the Fed wants to see how much Trump’s tariffs will hurt the economy and raise inflation. While lower interest rates could boost the economy, they could also give inflation more fuel.Longer-term Treasury yields have also been rising in recent weeks because of reasons outside the Fed’s control. Investors have been demanding the U.S. government pay more in interest to borrow because of