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Yellen: US will hit debt ceiling in mid-January

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Treasury Secretary Janet Yellen said Friday she expects the U.S. will officially run up against its borrowing limit in mid- to late-January, starting the clock on a major fiscal challenge facing President-elect Donald Trump in his first months in office. “Treasury currently expects to reach the new limit between January 14 and January 23…
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Trump appears to side with Musk, tech allies in debate over foreign workers roiling his supporters

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President-elect Donald Trump appears to be siding with Elon Musk and his other backers in the tech industry as a dispute over immigration visas has divided his supporters.

Trump, in an interview with the New York Post on Saturday, praised the use of visas to bring skilled foreign workers to the U.S. The topic has become a flashpoint within his conservative base.

“I’ve always liked the visas, I have always been in favor of the visas. That’s why we have them,” Trump said.

In fact, Trump has in the past criticized the H-1B visas, calling them “very bad” and “unfair” for U.S. workers. During his first term as president, he unveiled a “Hire American” policy that directed changes to the program to try to ensure the visas were awarded to the highest-paid or most-skilled applicants.

Despite his criticism of them and attempts to curb their use, he has also used the visas at his businesses in the past, something he acknowledged in his interview Saturday.

“I have many H-1B visas on my properties. I’ve been a believer in H-1B. I have used it many times. It’s a great program,” Trump told the newspaper.

He did not appear to address questions about whether he would pursue any changes to the number or use of the visas once he takes office Jan. 20.

Trump’s hardline immigration policies, focused mostly on immigrants who are in the country illegally, were a cornerstone of his presidential campaign and a priority issue for his supporters.

But in recent days, his coalition has split in a public debate largely taking place online about the tech industry’s hiring of foreign workers. Hard-right members of Trump’s movement have accused Musk and others in Trump’s new flank of tech-world supporters of pushing policies at odds with Trump’s “America First” vision.

Software engineers and others in the tech industry have used H-1B visas for skilled foreign workers and say they are a critical tool for hard-to-fill positions. But critics have said they undercut U.S. citizens who could take those jobs. Some on the right have called for the program to be eliminated.

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Meet the new members: A Californian returns to Capitol Hill

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The new member: Rep.-elect Gil Cisneros (D-Calif.) How they got here: Cisneros reclaimed a seat in the House after defeating Republican Daniel Martinez, 57 percent to 43 percent. Inside the campaign: Cisneros switched districts upon the retirement of longtime 88-year-old Rep. Grace Napolitano (D-Calif.). He emerged first in a crowded all-party primary with 23.6 percent of the vote…
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Roy hails Musk, Ramaswamy influence on spending as Hill GOP looks toward cuts

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DOGE co-chairs Elon Musk and Vivek Ramaswamy will have significant influence in how Congress slashes spending, Rep. Chip Roy said in an interview on CNBC’s Squawk Box on Friday. “When the DOGE guys came in, Elon and Vivek, I pointed to my Republican colleagues and I said…
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