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In a memo circulated by the Senate Banking Committee Wednesday, staff listed several options for either increasing revenues or cutting spending.
The Vault
March 07, 2024

Scott fixates on illegal immigration during Powell testimony

The Senate Banking Committee took a sharp right turn into immigration policy this morning thanks to Sen. Tim Scott (R-S.C.).

Scott, the top Republican on the Senate Banking panel, pressed Federal Reserve Chair Jay Powell at length on the economic impacts of illegal immigration. Scott also happens to be a contender to be former President Donald Trump’s running mate ahead of the 2024 general election. Immigration has long been one of Trump’s top policy issues.

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