For people seeking work or an escape to a better life in the United States, it's going to cost about two times the current amount, following a move by the Trump administration to hike fees on various immigration applications.
Michelle Mendez, director of defending vulnerable programs at the Catholic Legal Immigration Network, Inc. (CLINIC), calls the move an assault on immigration.
"This rule, these fees that have increased will make it extremely difficult for individuals to become legal immigrants, specifically to become naturalized immigrants, to become citizens," Mendez told Cheddar.
The new fees, which are set to be increased in October, will also gravely impact the world's most at-risk populations seeking asylum in the U.S., Mendez added.
"$50 may seem to be a small fee for many of us. We have to understand that asylum seekers leave their countries, they flee their countries with practically nothing," she said.
While news of the increased fees may be looked on as damning, Mendez said the move is on par with the Trump administration's previous moves to eliminate "access to the legal immigration process."
"During the [presidential] campaign, the rhetoric was very much focused on illegal immigration. We knew that that actually meant they were going to attack illegal and legal immigration," she said.
For Mendez, the idea of increasing fees and making the process even more difficult for people who want to become American is a jab at the foundation upon which the country was built.
"When we limit the opportunity for people to be engaged in the process by being citizens, that really undermines our democracy. That really undermines our democratic process," she stated.
President Biden is looking at unlikely partners to buy oil, after banning all Russian energy imports. Among them is Venezuela, a regime that has been sanctioned by the U.S. since 2019. Ariel Cohen of the Atlantic Council explains to Cheddar News why that might not be a bad choice.
Stock trading app Robinhood already has been offering cryptocurrency investments but seems further excited about the asset class following President Biden's recent announcement of an executive order. Dan Gallagher, the chief legal and corporate affairs officer for Robinhood, joined Cheddar News to talk about the White House's tentative vision for digital currency. "I think this executive order firmly states that, yes, crypto is here to stay, which it talks about the important competitive issues around crypto and how the United States needs to be a leader, a global leader, in innovation and technology regarding crypto," he said. Gallagher also discussed having clarity around meme stocks going forward but worried about overregulation slowing down innovation.
As Russia’s attack on Ukraine, the latest inflation report showed the consumer price index rose 7.9 percent — a 40-year high. Heather Boushey, a member of the White House Council of Economic Advisers, joined Cheddar News to discuss what American consumers might be in store for as prices keep rising. "Forecasters at this point believe that the American economy will be resilient," she said. "They’re still predicting that the unemployment rate will continue to be lower at the end of the year than it is today, and we are still seeing folks believe that over time prices will come back down." Boushey did note that it would be dependent on how long the current situation lasts.
Simon Shuster, TIME's Moscow correspondent joins Cheddar to discuss how Ukraine could become part of the EU and what it would mean for politics in Europe.
President Biden has banned imports of Russian oil to the U.S. in retaliation for its invasion of Ukraine. The president warned of higher prices at the gas pump, leading some analysts to think it could propel the transition to clean, renewable energy. Michael Jones, chairman and CEO of investment solutions company Caravel Concepts, discussed how the ban is hitting green energy stocks as gas prices continue to surge. "I think the 10-year prospects for renewables just got a whole lot better because ultimately this is going to force a transition into renewables," he said.
Amid ongoing tensions in the Russia-Ukraine region, many American travelers are nervous about traveling to Europe.
It comes at a time when international travel was set to make a comeback, but uncertainty surrounding the conflict may delay the overall recovery. Francesca Page, Travel Expert, joined Cheddar's Opening Bell to discuss.
Russia's invasion of Ukraine is coming for the global food supply. Ongoing tensions in the region are threatening the supply of various agricultural products including wheat, barley and corn. Vladik Rikhter, CEO & Cofounder of Zenput joined Cheddar's Opening Bell to discuss how this could impact food prices overseas.
Chris Natividad, CIO of EquBot, joins Cheddar News' Closing Bell, where he elaborates on what ultimately dragged the Dow, S&P, and Nasdaq lower on Tuesday and discusses how investors are reacting to rising oil prices and February CPI data coming out later this week.
