President Donald Trump's administration announced a significant rollback of Obama-era environmental regulations on Thursday, while Minnesota Governor Tim Walz proposed a $10 million relief package for small businesses impacted by a recent immigration crackdown. The moves came as the US economy showed signs of growth, but with a noticeable slowdown in job creation.
Trump reversed a 2009 "endangerment finding" that concluded greenhouse gases threatened public health, a decision the White House called the "largest deregulation in American history," according to BBC World. This ruling had been the legal foundation for federal efforts to curb emissions, particularly in vehicles. The administration framed the move as a victory over the Democratic Party's environmental agenda, a message Republicans have used in past elections, as reported by BBC World. The rollback is expected to make cars cheaper, potentially reducing costs for automakers by $2,400 per vehicle.
Simultaneously, Minnesota Governor Tim Walz proposed an emergency relief package for small businesses affected by the Trump administration's immigration enforcement operation, Operation Metro Surge. The operation, which was announced to be concluding, according to US border tsar Tom Homan, led to protests after two US citizens were killed by immigration officers, as reported by BBC World. Walz's proposal, unveiled after Homan announced the operation's end, calls for forgivable loans ranging from $2,500 to $25,000, according to Fox News. Republicans criticized the proposal, raising concerns about potential fraud.
The US economy is growing, but the labor market is experiencing a slowdown, with job openings and hiring rates dropping to multi-year lows, according to BBC Business. Jacob Trigg, a former project manager in the tech industry, shared his struggles in finding employment, having applied for over 2,000 jobs. His experience reflects a wider freeze in the US labor market.
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