The bill also would strengthen border security, but it would not provide the US$25 billion Trump wants for a US-Mexico border wall.
The Senate has until Thursday to pass a budget to avoid a government shutdown and several have made it clear there's no deal without a plan for DACA.
All of these major news stories (and others) have centered around immigration - and more specifically, Washington's inability to agree on what to do as President Trump's deadline to end the Obama administration's Deferred Action for Childhood Arrivals (or DACA) policy fast approaches. "March 5th is rapidly approaching and the Dems seem not to care about DACA. Make a deal!" Trump tweeted.
The McCain-Coons bill is similar to the Uniting and Securing America Act introduced by Reps.
The measure lacks Trump's demands for limiting the relatives that "Dreamers" can sponsor for citizenship, and ending a visa lottery aimed at admitting more immigrants from diverse places including Africa.
Senate aides told the Journal that the plan would provide people who have resided in the USA since December 31, 2013, with legal status and a path to citizenship. Once they've become lawful permanent residents, they can follow existing procedures to apply for citizenship.
The legislation reportedly does not contain immediate funding for the US southern border wall, however, which was one of President TrumpDonald John TrumpSchiff: Nunes gave Trump "secretly altered" version of memo Davis: "Deep state" existed in '16 - but it elected Trump Former Trump legal spokesman to testify to Mueller about undisclosed call: report MORE's key demands, and is likely to draw the ire of some Republicans. That stalemate has led many to believe the likeliest outcome is a narrowly focused bill or even no legislation at all. Will Hurd, R-Texas, and Pete Aguilar, D-Calif., can serve as a "base bill" if the other negotiating groups are unable to a compromise.
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Stock Market Slump Looking More Like a Healthy Correction
The Vix "fear index", a measure of volatility on the S&P 500, last night hit its highest point since 2015 as markets whipsawed. U.S.jobs data lit the fire at the end of last week, with higher-than-expected wage increases prompting inflationary concerns.
Price Target Summary: Rockwell Collins Inc. (COL)
Over the past three months, Triumph Group, Inc. insiders have been net buyers, dumping a net of -117,602 shares. It also reduced C H Robinson Worldwide Inc (NASDAQ:CHRW) stake by 58,380 shares and now owns 27,938 shares.