Economy
VP Harris reportedly working on economic strategy for Central America, has yet to visit the Southern border
Vice President Harris is set to meet with the heads of 12 companies Thursday to encourage economic opportunity, and hopefully lower immigration to the U.S. A White House official spoke to Reuters on the details of the meeting.
According to the reported anonymous source, some companies have already made commitments. Microsoft agreed to provide internet access to three million more people in the Northern Triangle by July 2022. Nespresso will buy at least $150 million worth of its coffee from El Salvador and Honduras by 2025. Mastercard will provide banking services to five million people who previously had no access to financial institutions. Also, the banking company will give electronic banking access to one million micro and small businesses.
Chobani has agreed to bring its incubator program for Guatemalan entrepreneurs. It’s a program that trains small business owners in the food business. Up until now, it’s only been available in the U.S. and Australia.
This meeting comes months since Harris was appointed as border czar. She has yet to visit the southern border herself.
Read the full article here.
You can follow Jenny Goldsberry on Twitter @jennyjournalism
The Biden administration confirmed that it is considering shutting down an oil pipeline in Michigan despite the ongoing fuel crisis in the country.
“Revoking the permits for the [Line 5] pipeline that delivers oil from western Canada across Wisconsin, the Great Lakes and Michigan and into Ontario, would please environmentalists who have urged the White House to block fossil fuel infrastructure, but it would aggravate a rift with Canada and could exacerbate a spike in energy prices that Republicans are already using as a political weapon,” Politico Pro reported. “Killing a pipeline while U.S. gasoline prices are the highest in years could be political poison for Biden, who has seen his approval rating crash in recent months.”
Fox News reporter Peter Doocy asked about the report during Monday’s press briefing, asking, “why is the administration now considering shutting down the Line 5 pipeline from Canada to Michigan?”
“So, Peter, that is inaccurate,” Deputy Press Secretary Karine Jean-Pierre claimed. “That is not right. So, any reporting indicating that some decision has been made, again, is not accurate. … So, again, I would — it is inaccurate what you just stated, but —”
“What’s inaccurate?” Doocy asked.
“The reporting about us wanting to shut down the Line 5,” Jean-Pierre said.
“I didn’t say ‘wanting.’ I said, is it being studied right now? Is the administration studying the impact of shutting down the Line 5?”
“Yeah. Yes, we are. We are,” Jean-Pierre admitted.
DOOCY: "Is the administration studying the impact of shutting down the Line 5?"
JEAN-PIERRE: "Yes we are." pic.twitter.com/V5XKhgcmAJ
— Townhall.com (@townhallcom) November 8, 2021
The news comes as gas prices have reached their highest since 2014, when Biden was vice president, and are currently about 50% higher than they were when Biden entered office.
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