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.
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Bloomberg Quicktake: Now published this video item, entitled “Reaction: Biden Boosts Refugee Cap After Wavering on Keeping Trump Limits” – below is their description.
President Joe Biden sought to ease tensions with his political allies by quadrupling the limit on the number of refugees who can enter the U.S. after months of administration wavering and reversals over increasing the cap.
Biden said he would allow in as many as 62,500 refugees by the end of September, up from the historically low ceiling of 15,000 set by former President Donald Trump. Biden, however, said he did not expect to reach his goal this fiscal year.
The president is seeking to move past a political blunder of his own making. His action came two weeks after the White House said he would leave Trump’s cap in place, which drew widespread condemnation from activists and lawmakers who accused Biden of reneging on a campaign pledge to reverse his predecessor’s hard-line policies.
Biden said Monday his decision to officially set the annual cap at 62,500, his original goal, conveys his commitment to welcome people facing extreme hardship.Bloomberg Quicktake: Now YouTube Channel
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