The US House passed a measure extending Temporary Protected Status for roughly 350,000 Haitians currently living in the United States, with ten Republicans breaking from their party to side with Democrats and deliver a direct legislative rebuke to the Trump administration. TPS shields beneficiaries from deportation and grants work authorization, making the vote an immediate operational reprieve for a large immigrant population facing uncertain legal standing under the current administration's enforcement posture. The Republican defections are the mechanism here: ten crossover votes were sufficient to advance the measure despite broad GOP opposition, signaling fractures within the caucus on immigration enforcement priorities. Whether the Senate acts on the measure, and whether it could survive a veto, determines the practical durability of this protection. Investors and employers with exposure to labor markets in industries where Haitian TPS holders concentrate, including construction and hospitality, should watch the Senate calendar and any White House response closely.
India's Expenditure Finance Committee has cleared a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0, up 64 percent from ISM 1.0's Rs 76,000 crore. The proposal now goes to the Cabinet, as two chip plants begin commercial output and a third, CG Semi, is set to open July 4, 2026.
The Supreme Court blocked Trump from firing Federal Reserve board member Lisa Cook, preserving the Fed's independence from presidential removal power. A separate ruling the same day gave Trump broader authority to dismiss leaders of other independent federal agencies.
The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
The US Supreme Court, splitting along ideological lines, has allowed the Trump administration to end Temporary Protected Status for Haitian and Syrian immigrants.
