- President Barack Obama has asked Congress for $3.7B in emergency funding to deal with an influx of Central American minors illegally crossing the southern border. GOP leaders say they are unwilling to give the administration a "blank check" without more detailed plans to guarantee the money will help curb the crisis at the border.
- Tensions have already been rising in Washington after the president announced he would take executive actions to reform border-control laws on his own.
- The aid request aims to create more detention centers, add immigration judges, and increase border patrols and air surveillance.
- ETFs: MBB, GNMA, VMBS, AGZ, MBG