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Biden to raise refugee cap to 62,500 after backlash

President Biden will raise the cap on refugees to 62,500 this fiscal year, he announced on Monday.

Why it matters: The move comes after a wave of outrage over his initial decision to keep the Trump-era ceiling of 15,000 admissions in place.


What he's saying: "It is important to take this action today to remove any lingering doubt in the minds of refugees around the world who have suffered so much, and who are anxiously waiting for their new lives to begin."

  • The new admissions cap will "expand the United States’ capacity to admit refugees, so that we can reach the goal of 125,000 refugee admissions that I intend to set for the coming fiscal year."
  • "The sad truth is that we will not achieve 62,500 admissions this year," he added. "We are working quickly to undo the damage of the last four years. It will take some time, but that work is already underway."

The big picture: Biden walked back his initial decision to keep the historically low 15,000 cap after it was widely panned by Democrats.

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Latin America and the Caribbean wait for COVID-19 vaccines

Data: Our World In Data; Map: Axios Visuals

Latin America and the Caribbeanhave the highest weekly death rate per capita of any region in the world, and it could climb, with vaccinations difficult to come by and hospitals still short on staff and equipment like ventilators and oxygen tanks.

Why it matters: Fewer than 10% of the people of Latin America and the Caribbean have been fully vaccinated against COVID-19 since immunization campaigns started in December, mostly due to the low availability of doses.

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Venture capital firm Indie.vc is shutting down

Indie.vc, an effort launched six years ago to invest small amounts in bootstrapped businesses, announced on Tuesday that it’s winding down.

Why it matters: Venture capital, despite being the money of innovation, is rarely innovative itself. Indie.vc was an effort to break out of the tedium, so its failure is de facto disappointing.

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