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.
Sam Stovall, Chief Investment Strategist at CFRA Research, joins Cheddar News' Closing Bell where he dives into the factors contributing to Monday's market plunge and what could be in store when February's CPI data comes out on Tuesday.
Derek Shearer, former U.S. Ambassador to Finland and contributing writer for Washington Monthly, joins Cheddar News to discuss the latest developments in the Russia-Ukraine conflict.
Americans continue to feel the pain at the pump as a result of Russia’s invasion of Ukraine. Patrick DeHaan, head of petroleum analysis at GasBuddy, joined Cheddar News to discuss how prices are being affected by the war and how much worse it could potentially get for drivers. "It's obviously a fluid situation. In one field today, I might feel differently in a half hour. But for now, I think we could see the national average realistically go somewhere into the mid $4 range, maybe $4.40 to $4.65 based on what we're seeing," he said.
Russia’s invasion of Ukraine has entered its 12th day following what Ukrainian authorities described as increased shelling of encircled cities and another failed attempt to evacuate civilians from the port city of Mariupol.
Gasoline prices are pushing even farther above $4 a gallon, the highest price that American motorists have faced since July 2008, as calls grow to ban imports of Russian oil.
Jay Hatfield, Chief Investment Officer at ICAP, believes a lot of the bad news regarding the fighting in Ukraine and Fed is already priced into the market and looming uncertainty factored into Friday's movement. However, he also believes the upcoming Fed decision will be good news for Wall Street.
News of Russian forces taking control of a Ukrainian after artillery bombardment of a nuclear power plant raised concerns this week. Nuclear policy expert and Quincy Institute Distinguished Fellow Joe Cirincione joined Cheddar News to discuss the implications for a potential disaster. “I’m with the director general of the IAEA, the International Atomic Energy Agency. He says that he is extremely concerned, and that this Russian attack is a severe risk and that Russia clearly violated the fundamental principle of preserving the integrity of nuclear power plants," Cirincione said.
Amid Russia's attack on Ukraine, major businesses from BP to Big Tech like Apple have been pausing their business dealings with the invading nation. Brian Walker, chief strategy officer at commerce software company Bloomreach, joined Cheddar News to discuss how some companies are showing support for Ukraine and what this could mean for consumers. "Whether it be impacts on energy or operational costs, shipping and logistics, or frankly impacts on the financial services industry, these will have long term implications on retail prices," he said.
