US border

The US House of Representatives has passed a bill providing roughly $70 billion for immigration enforcement. The legislation would fund measures such as expanded border security, detention capacity and deportation operations, advancing one of the Republicans' key immigration priorities. Details on the Senate's next steps and the vote breakdown were not immediately available in the coverage.

A large migrant caravan is moving toward the US southern border, drawing significant attention in American media. Coverage, including from Fox Business, frames the caravan as rapidly approaching, reigniting debate over border security, immigration policy and how US authorities will respond as the group nears.

Republican Representative Tony Gonzales of Texas has announced he is stepping down from Congress, according to ABC News. The announcement marks an early exit for the moderate lawmaker, who has served in the House since 2021 and represented a border district. Details on his reasons and the timing of his departure have not been made clear.

The US Supreme Court has ruled that the Trump administration can turn away asylum seekers at the southern border while legal challenges continue. The decision blocks lower-court rulings that had restricted the government's ability to deny asylum, a major victory for the administration's immigration crackdown and a setback for migrants' rights groups.

The European Central Bank has published a piece laying out its priorities for the banking sector under three headings: resilience, integration and competitiveness. The text argues European banks must withstand shocks, deepen cross-border integration within the single market, and become more competitive globally. The intervention feeds into ongoing debate in Brussels and Frankfurt over banking union, fragmented capital markets and Europe's ability to keep pace with US and Asian financial rivals.