Boston tragedy delays immigration bill
WASHINGTON Senators are set to unveil a sweeping immigration bill this week to secure the border, remake legal immigration, boost workplace enforcement and put 11 million people here illegally on a path to citizenship.
A group of eight lawmakers, equally divided between Republicans and Democrats, planned to formally introduce the bill today, although a press event with activists, business leaders and religious groups was delayed until later in the week after the tragedy at the Boston marathon.
The legislation aims to strike a balance between enforcement provisions sought by Republicans, and Democratic priorities, including making citizenship widely accessible.
Gold plummets 9 percent Monday
NEW YORK The price of gold logged its biggest one-day decline in more than 30 years Monday, tumbling $140.30, or 9 percent, to $1,361. While gold has been gradually falling since hitting a peak of $1,900 in August 2011, the sell-off accelerated late last week.
Before the drop, gold had climbed every year since 2001, as investors bought the metal both as protection against inflation and as a so-called safe haven. The precious metal peaked as lawmakers wrangled about raising the debt ceiling in the summer of 2011 and threatened to push the U.S. into default.
Associated Press
