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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on January 11, 2025

    Featured image for article about Headlines

    WASHINGTON - President Joe Biden's administration on Friday renewed deportation relief that currently covers 900,000 immigrants from Venezuela, El Salvador, Ukraine and Sudan, a move that would delay any attempts by President-elect Donald Trump to sunset those protections.

    The U.S. Department of Homeland Security (DHS) extended enrollment in the Temporary Protected Status (TPS) program for those nations, giving those immigrants a deportation reprieve and access to work permits for an additional 18 months.

    Biden, a Democrat, greatly increased the number of immigrants eligible for TPS since taking office in 2021. The status, which is available to people whose home country has experienced a natural disaster, armed conflict or other extraordinary event, now covers more than 1 million people from 17 nations.

    Trump, a Republican returning to the White House on Jan. 20, sought to end most TPS enrollment during his 2017-2021 term in office but was stymied by U.S. courts. Trump won another term in office promising a vast immigration crackdown and again is expected to try to terminate most TPS protections.

    Trump's transition team did not immediately respond to a request for comment.

    The Biden administration's moves on Friday stopped short of more sweeping demands by activists and some Democrats to grant TPS to more recently arrived immigrants and those from other nations.

    Todd Schulte, president of advocacy group FWD.us, said the extensions would allow hundreds of thousands of people to continue "contributing to their communities, supporting their families, and strengthening the economy" but also urged Biden to expand TPS to Nicaragua and other nations.

    Some 600,000 Venezuelans are eligible for TPS, the biggest population in the program.

    The Biden administration, which first granted Venezuelans the status in 2021, cited high levels of crime in Venezuela related to political and economic instability under President Nicolas Maduro, who was sworn in for a third term on Friday.

    (Reporting by Ted Hesson in Washington; Editing by Diane Craft)

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