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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
LeadershipImmigration

Obama Immigration Action Goes Before Supreme Court

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Obama Speaks Before Leaving COP21
PARIS, FRANCE - DECEMBER 01: U.S. President Barack Obama speaks during a press conference at the OECD Conference Centre before leaving the Conference On Climate Change COP21 on December 1, 2015 in Paris, France. Obama spoke about the economic impact of global warming and security risks before flying back to Washington. (Photo by Pascal Le Segretain/Getty Images)Photograph by Pascal Le Segretain via Getty Images
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The U.S. Supreme Court will hear a case on Monday that tests the boundaries of presidential powers, confronting the question of whether President Barack Obama exceeded his authority with unilateral action to spare millions of people in the country illegally from deportation.

The case, one of the most consequential of the court’s current term that ends in June, pits Obama against 26 states led by Texas that filed suit to block his 2014 immigration plan.

Remember Obama’s immigration speech from 2014?

The high court is evenly divided with four liberal justices and four conservatives following the February death of conservative Antonin Scalia. That raises the possibility of a 4-4 split that would leave in place a 2015 lower-court ruling that threw out the president’s executive action that bypassed the Republican-led Congress.

The arguments in the case come at a time when immigration is a divisive issue in the U.S. presidential campaign, with top Republican contenders advocating deporting all of the estimated 11 million people in the country illegally.

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