Musk and Ramaswamy are sparking a debate over the H-1B visa. Here's what to know about the visa.
CBSN
Billionaires Elon Musk and Vivek Ramaswamy may be advising President-elect Donald Trump on cutting federal spending but they also have some advice for him about the U.S. workforce, urging his next administration to bring in more foreign tech workers.
Musk and Ramaswamy's views have sparked an online spat between factions of Trump's supporters over immigration and the tech industry, whose businesses rely on the H-1B visa to bring in thousands of foreign engineers and other skilled workers each year from India, China and other nations.
The tech industry has long called for more H-1B visas to attract highly skilled workers to the U.S., although Trump's first administration restricted the program in 2020, arguing that it allows businesses to replace Americans with lower-paid foreign workers.
Richard Parsons, prominent executive who held top posts at Time Warner and Citigroup, dies at age 76
Richard Parsons, one of corporate America's most prominent Black executives who held top posts at Time Warner and Citigroup, died Thursday, the financial services company Lazard, where Parsons was a longtime board member, announced. He was 76.