About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg Quicktake: Now published this video item, entitled “Biden to Propose 8-Year Path to Citizenship for Immigrants in the U.S.” – below is their description.
Joe Biden will propose a broad immigration overhaul on his first day as president, including a shortened pathway to U.S. citizenship for undocumented migrants — a complete reversal from Donald Trump’s immigration restrictions and crackdowns, but one that faces major roadblocks in Congress.
The new president’s legislation would allow the roughly 11 million immigrants living illegally in the U.S. to gain citizenship within eight years instead of 13, according to a Biden transition official. Unlike past reform measures, it does not include an explicit trade-off of enhanced border security.
The proposal would grant work permits for the spouses and children of people with temporary visas. But it would not expand the number of high-skilled foreign workers admitted on H-1B visas, which are widely used in the U.S. technology industry but sometimes criticized by labor groups.
With the plan, Biden seeks to deliver on a major campaign promise to Latino voters and immigrant-rights groups, many of whom were alienated and outraged by Trump’s restrictions on legal immigration, police raids on the homes and workplaces of undocumented people living in the U.S., and his fortification of the border with Mexico. But the bill as proposed almost certainly won’t pass a narrowly divided Congress, and even if it is amended to better reflect Republican concerns, odds are long that lawmakers will finally unknot a policy that’s confounded Washington for decades.Bloomberg Quicktake: Now YouTube Channel
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In This Story: Joe Biden
Joe Biden is an American politician serving as the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009.
He is married to Dr Jill Biden.
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In This Story: Mexico
Mexico became an independent nation state after the successful Mexican War of Independence against Spain in 1821.
Mexico is a developing country, but has the world’s 15th-largest economy by nominal GDP and the 11th-largest by PPP, with the United States being its largest economic partner. Since 2006, a conflict between the government and drug trafficking syndicates has led to over 120,000 deaths.
Mexico receives a significant number of tourists every year; in 2018, it was the 6th most-visited country in the world, with 39 million international arrivals.