DEAL OR NO DEAL. Republicans have balked at the limits on ICE beds, saying they don’t want to restrain their capacity to detain criminals. By Todd Horwitz, Bubba Trading.

 

Deal in Sight?

U.S. congressional negotiators said late on Monday they had reached a tentative deal on border security funding that would avert another partial government shutdown due to start on Saturday but provided no details. “We reached an agreement in principle” on funding border security programs through Sept. 30, Republican Senator Richard Shelby told reporters. “Our staffs are going to be working feverishly to put all the particulars together,” Shelby said. He did not say whether President Donald Trump would get any money for a U.S.-Mexico border wall.

For months, the public dispute over the border has largely focused on funding levels and the design of border barriers, spurred by Mr. Trump’s longstanding call for a wall along the U.S.-Mexico border. But over the weekend, Republicans raised objections to limits that Democrats have long been seeking on the number of beds that would be provided for people detained by Immigration and Customs Enforcement officials

Democrats have wanted to force the Trump administration to prioritize the detention of immigrants with criminal records above those who, for example, overstayed their visas.
“How the government deals with ICE is a very important issue, and that’s why the beds are so critical to this negotiation,” said Mrs. Lowey.

Democrats have been working to secure some constraints on ICE as a concession from Republicans, in exchange for meeting GOP demands to build more physical barriers along the border. Republicans have balked at the limits on ICE beds, saying they don’t want to restrain their capacity to detain criminals.

Mr. Trump has been seeking $5.7 billion to go toward a border wall. The amount under negotiation is a range of $1.3 billion to $2 billion, which would include funding for barriers and other measures and could mark an increase from the last fiscal year.

Todd “Bubba” Horwitz

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Financial Markets and Political Commentary
 

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Todd Horwitz - Author of “Average Joe Options“. Todd began his trading career in 1980 at the CBOE. He was one of the original traders in the OEX & helped start the SPX. He is a member the CME where he trades S&P futures as well as foreign currencies & is a regular contributor to CNBC, Bloomberg, BNN, Fox & many other major news networks.