PLI SmartBrief
US to reduce refugee admissions to 7,500 in fiscal 2026
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October 31, 2025
 
 
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Corporate Spotlight
 
Senate rejects Trump's global tariff policy
The Senate voted to condemn President Donald Trump's global tariff strategy, with four Republicans joining Democrats in the latest bipartisan rebuke of the administration's trade agenda. The decision comes as the White House prepares a $12 billion aid package for farmers affected by tariffs, while bipartisan talks continue on ending the monthlong government shutdown.
Full Story: Politico (10/30), The Hill (10/30)
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National News
 
Judges: SNAP benefits must continue via contingency funds
Chief US District Judge Jack McConnell held that the Trump administration cannot stop funding the Supplemental Nutrition Assistance Program amid the government shutdown, ruling that contingency funds must be used to continue providing SNAP benefits. Meanwhile, US District Judge Indira Talwani set a Monday deadline for the administration to specify "whether they will authorize at least reduced SNAP benefits for November" through the contingency funds or use additional funds to provide full benefits.
Full Story: The Associated Press (10/31), CNBC (10/31), MassLive (Springfield, Mass.) (10/31)
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US to reduce refugee admissions to 7,500 in fiscal 2026
A notice in the Federal Register says the US will limit its admissions of refugees to 7,500 in the current fiscal year, which began Oct. 1 -- a sharp drop from 125,000 in the prior fiscal year. Refugee admissions will be focused largely on Afrikaners, a South African ethnic group comprising descendants of Dutch and French colonial settlers.
Full Story: The Guardian (London) (10/30), The Associated Press (10/30)
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Pentagon temporarily assigning some lawyers to Justice Dept.
Defense Secretary Pete Hegseth directed the temporary assignment of 48 military lawyers and four paralegals to the Justice Department to act as special assistant US attorneys in Memphis, Tenn., and near the US-Mexico border. The move comes as the Trump administration is extending the deployment of more than 2,000 National Guard troops in the District of Columbia through at least February. Meanwhile, each state's National Guard has been ordered to establish a "quick reaction force" to respond to riots and civil disturbances.
Full Story: The Associated Press (10/30), The Hill (10/30), The Washington Post (10/31), The Associated Press (10/30)
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Today's shoppers expect a smooth journey from browsing to checkout, no matter if they are in-store, online or both. Our customer experience guide explores how you, the retailer, can simplify the purchase process, reduce friction, and create shopper confidence. Read the guide.
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Financial and Tax Update
 
Fed's Bowman reportedly plans to cut supervision staff
Federal Reserve Vice Chair for Supervision Michelle Bowman reportedly plans to shrink the agency's supervision and regulation division by about 30%, reducing headcount to roughly 350 employees by 2026. The restructuring, driven by attrition and voluntary exits, would align with broader Trump administration efforts to scale back financial regulation and streamline oversight to focus on material banking risks.
Full Story: Bloomberg (10/30), Reuters (10/30)
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Hill faces Senate panel hearing on nomination to lead FDIC
Travis Hill, who has been acting chair of the Federal Deposit Insurance Corp. for nine months, appeared before the Senate banking committee for a confirmation hearing on his nomination to serve permanently as FDIC chair. Hill has broad support within the banking sector due to his history of easing regulatory requirements for smaller banks. "Reforming the [FDIC's] culture continues to be a top priority. There are a lot of things that we have been doing throughout the year 2025. I think the linchpin of our efforts is accountability," Hill said.
Full Story: American Banker (10/30)
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Representing Domestic Violence Survivors in Court 2025
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Employment Focus
 
Judge lets DOJ fire Community Relations Service employees
US District Judge Indira Talwani declined to grant a temporary restraining order against the Justice Department's plan to fire all but one remaining employee at its Community Relations Service, which was established in the 1960s to address racial and ethnic tensions. However, Talwani said the plaintiffs are likely to succeed on the merits in arguing that the firings are part of an unlawful effort to eliminate the Community Relations Service, which is referred to as "America's peacemaker."
Full Story: Reuters (10/30)
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Fannie Mae eliminates over 60 jobs; ethics officials fired
Fannie Mae has laid off more than 60 employees in several departments, including IT as well as Diversity, Equity and Inclus