Which industries are most vulnerable to Trump's immigration crackdown?
CBSN
In one of his first acts after returning to the Oval Office this week, President Trump tasked federal agencies with developing ways to potentially ease prices for U.S. consumers. But experts warn that his administration's crackdown on immigration could both drive up inflation as well as hurt a range of businesses by shrinking the nation's workforce.
"A reduction in labor supply means upward pressure on wages, which has different sector implications including inflationary pressure, especially for food prices," Stephen Brown, deputy chief North America economist with Capital Economics, told CBS MoneyWatch.
David Bier, director of immigration studies at the Cato Institute, a libertarian think tank, said labor shortages stemming from the Trump administration's push to remove undocumented immigrants could curtail the production of some products and services.
Nominations for the 97th annual Academy Awards are being announced Thursday morning after being delayed twice due to the Los Angeles area wildfires.
In one of his first acts after returning to the Oval Office this week, President Trump tasked federal agencies with developing ways to potentially ease prices for U.S. consumers. But experts warn that his administration's crackdown on immigration could both drive up inflation as well as hurt a range of businesses by shrinking the nation's workforce.
Seven San Antonio, Texas police officers were shot by a barricaded suspect Wednesday night, the city's police chief said. The suspect was found dead from a gunshot wound, he added.
A barricaded suspect shot and wounded four police officers Wednesday night who had responded to a residential call in San Antonio, Texas, officials said.
Ali Alfarajalla, a Baghdad-born realtor in Dearborn, Michigan, normally votes for Democrats, but this election was a different story.
President Trump on Wednesday named Sean Curran to serve as director of the U.S. Secret Service.
Howard Lutnick, the billionaire financial executive named by President Trump to head the Commerce Department, has agreed to divest his holdings in a range of business interests, including stepping down from his longstanding position as head of the brokerage and investment bank Cantor Fitzgerald.
Meta is denying claims circulating on social media that it forced Facebook and Instagram users to follow President Trump's official accounts, saying the changes some users noticed were standard practices tied to the transition of the POTUS account from the previous administration to the incoming one.
Washington — The House approved the Laken Riley Act on Wednesday, signing off on the Senate's changes to the legislation aimed at expanding the federal government's mandate to detain immigrants who are in the country illegally.
Washington — Stewart Rhodes, the founder of the far-right group the Oath Keepers, visited Capitol Hill on Wednesday, days after he his lengthy prison sentence was commuted by President Trump.
Washington — Trump administration officials are considering deploying as many as 10,000 soldiers to the U.S.-Mexico border and using Department of Defense bases to hold migrants awaiting deportation as they plan their dramatic crackdown on illegal immigration, according to an internal government memo obtained by CBS News.
President Trump is threatening to use his powers to adjourn Congress so he can make recess appointments for at least some of his top Cabinet nominees and their deputies, enabling them to begin running the largest federal departments.
The Justice Department's new leadership directed prosecutors and law enforcement across the country to focus on enacting President Trump's immigration policies and said they should potentially charge state or local officials who impede their efforts, according to a memo sent to employees on Tuesday and obtained by CBS News.
A student shot at least two other students Wednesday at Antioch High School outside Nashville, Tennessee, police said. The shooter then shot himself, according to police.
Billionaire Elon Musk's Department of Government Efficiency has a new target in its sights for trimming federal spending: the U.S. penny.
Washington — Citing President Trump's extraordinary move to close the American asylum system, U.S. border agents have been instructed to summarily deport migrants crossing into the country illegally without allowing them to request legal protection, according to internal government documents and agency officials.
JetBlue says travelers can now use Venmo to book flights, making it the first carrier to accept purchases through the payment app.
Washington — Senate Republicans are trudging through the process to confirm President Trump's picks for his Cabinet and top administration posts, facing delays by Democrats who are pushing back on their speedy approval.