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Chapter 1: What is the main topic discussed in this episode?
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The Senate funds most of DHS, putting an end in sight to the chaos at airports. Plus the Pentagon weighs sending 10,000 ground troops to the Middle East. And struggling spirits makers gamble they could be stronger together.
This industry is under siege and they have to find ways to right the ship. One way of doing that is to merge in hopes of generating a lot of cost savings. Because right now demand is falling for all sorts of reasons.
It's Friday, March 27th. I'm Luke Vargas for The Wall Street Journal, and here is the AM edition of What's News, the top headlines and business stories moving your world today.
Senate Republicans and Democrats have agreed to fund most of the Department of Homeland Security, a step that could quickly tee up an end to the crisis at airports on the very day that airport security workers had been set to miss another paycheck. Congressional reporter Siobhan Hughes is working the late shift on Capitol Hill.
Siobhan, sounds like we've got a deal here coming in just after 2 a.m.
We have a deal. And in fact, the Senate has just passed legislation to fund the Department of Homeland Security, or at least most of it, which is on course to end this standoff. The expectation is the House picks this up in the next few hours before President Trump signs the measure into law.
Shaman, I know Democrats had wanted to use this funding holdup to secure reforms to immigration operations, making sure that officers wore body cameras as well as identification, that they took off their masks. They also wanted agents to need judicial warrants before entering homes. Did they get any of that? And I know you said there that elements of DHS aren't being funded here. Which ones?
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Chapter 2: What funding agreement did the Senate reach regarding the Department of Homeland Security?
They have no power to do anything. And basically what they have succeeded in doing is taking a chunk out of the immigration enforcement budget. And for a party that has really been on its back heel, this counts as an accomplishment of sorts.
Chuck Schumer, the Senate Democratic leader in the meantime, said that he was proud that his caucus had stuck together and resisted funding for immigration agencies without significant reforms. And for his part, he said he thought Democrats would have some opportunities for such victories ahead.
Like what, Siobhan? Is that likely?
For now, that truly appears to be dead in the water. It does not appear that Democrats have any avenues to win reforms. And to really put a pin in that, Congress is about to go on recess for two weeks.
Siobhan, thanks so much for the update. Get some rest.
Thank you.
The Pentagon is considering sending up to 10,000 more ground troops to the Middle East as President Trump weighs his next steps in the Iran war. We report that it's unclear exactly where the troops would go, but that they'd likely be within striking distance of Iran and Karg Island, its crucial oil export hub. Iran's U.N.
ambassador in Geneva, Ali Bahraini, said his country was prepared for any next moves from the U.S.,
We are ready for any scenario, including any kind of ground operation. I think that is a place that we will be able to defeat them. And I think that would be one of the big mistakes if they take that decision.
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Chapter 3: How will the funding deal impact airport security workers?
You know, and when you look at elections, good policy is good politics. Without a doubt. And President Trump's agenda is really true. The agenda that's driving us right now.
CPAC runs through Saturday. Coming up, Anthropic wins an injunction in its court battle with the Trump administration. And we'll explore the potential drinks industry tie up between the makers of Absolute and Jack Daniels after the break.
Agentic AI uses intelligence systems, or agents, that can reason, plan, and act with minimal human input to achieve defined goals. Jason Garzadis, CEO of Deloitte US, says businesses are already leveraging the possibilities.
whether that's in software and code development or contact center processing. Standardized processes with existing data that can be highly automated are where we're seeing the most impact. It's a way to empower teams to reimagine business processes in a way that can be really energizing and differentiating for organizations.
Microsoft Mechanics
Anthropic has scored an early victory in its legal fight with the Pentagon after a federal judge issued an injunction against the Trump administration's designation of the AI company as a supply chain risk and its ban on government use of its AI models.
Judge Rita Lynn of the Northern District of California said the measures appeared designed to punish Anthropic in its standoff over military use of AI, describing them as, quote, classic illegal First Amendment retaliation. The The government has indicated it would appeal an injunction. Meanwhile, the Trump administration is planning to require higher wages for foreign workers coming to the U.S.
on skilled worker visas that are popular with big tech companies. Under a proposal from the Labor Department, pay floors for foreign workers in the H-1B program would rise between 21 and 33 percent, depending on their experience. Critics have argued that employers have abused the program and other visa categories by hiring foreign workers that they can pay less than U.S. employees.
In a first for a sitting president, the Treasury Department says that President Trump's signature will appear on new U.S. paper currency, honoring the country's 250th anniversary later this year, with it sitting beside the signature of Treasury Secretary Scott Besant. Typically, it's the treasurer's signature that appears on bills alongside the Treasury Secretary.
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Chapter 4: What immigration reforms were Democrats seeking in the funding negotiations?
Canada, for example, essentially took all of U.S. liquor off its shelves because of the Trump tariffs. So it's a tough time for the industry.
And finally... it's about to cost you a little bit more to Netflix and chill. Man, that joke is old. Netflix is raising prices across all three of its tiers, with standard plans increasing by a dollar and the monthly cost of its premium package jumping by two.
Netflix in January said it surpassed 325 million paid members and attributed strong Q4 results, among other things, to increases in prices. And that's it for What's News for this Friday morning. Additional sound in this episode was from Reuters. Today's show was produced by Hattie Moyer. Our supervising producer was Daniel Bach. And I'm Luke Vargas for The Wall Street Journal.
We will be back tonight with a new show. Otherwise, have a great weekend and thanks for listening.
Access to affordable credit helps me pay my employees, but I don't really need it.
Inflation is killing me. But who cares? Big retailers are making record profits. That's why we support the Durbin Marshall credit card bill. See?
Banks and credit unions help small businesses make payroll. This bill would cut the vital resources they need.
While increasing megastore profits. They deserve it, don't they? Tell Congress, stop the Durbin Marshall money grab for corporate megastores. Paid for by the Electronic Payments Coalition.
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