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At one point, Durbin told the president that members of that caucus — an influential House group — would be more likely to agree to a deal if certain countries were included in the proposed protections, according to people familiar with the meeting. Trump was curt and dismissive, saying he was not making immigration policy to cater to the CBC and did not particularly care about that bloc's demands, according to people briefed on the meeting.

Kelly was in the room and was largely stone-faced, not giving any visible reaction when Trump said "shithole countries" or when he said Haitians should not be part of any deal, White House advisers said. At one point, Graham told Trump he should use different language to discuss immigration, people briefed on the meeting said. As Trump batted back the Democrats, he was urged on by Republican lawmakers. Bob Goodlatte R-Va. Durbin was not interested, White House officials said. After Graham left, he told associates that he was disturbed by what he heard in the Oval Office, according to people who spoke with him, and that it was evident the deal's antagonists had gotten to Trump.

Graham and Durbin also told allies that they were stunned that the other lawmakers were present — and that Trump's tone seemed so different than it had been days or even hours before, according to people close to them.

Graham declined to comment on the president's reported obscenity. He has told others in his circle that commenting would only hurt the chance of a deal and that he wants to keep a relationship with the president. There had initially been hope for the Thursday meeting. Trump had told lawmakers during a partially televised session two days earlier that he was flexible.

He even said he would be willing to lock the door of the Cabinet room if they wanted to negotiate at the White House, according to people who heard his comments. Trump went on to say at the earlier meeting that he wanted a deal and that even those in the conservative House Freedom Caucus should work with Durbin. In the hours and days afterward, a bipartisan group of senators — Graham, Durbin, Sen.

Jeff Flake R-Ariz. Robert Menendez D-N. Michael F. But some White House officials, including conservative adviser Stephen Miller, feared that Graham and Durbin would try to trick Trump into signing a bill that was damaging to him and would hurt him with his political base.

As word trickled out Thursday morning on Capitol Hill that Durbin and Graham were heading over to the White House, legislative affairs director Marc Short began to make calls to lawmakers and shared many of Miller's concerns.

Soon, Goodlatte, one of the more conservative House members on immigration, was headed to the White House. David Perdue R-Ga. In the late morning, before Durbin and Graham arrived, Kelly — who had already been briefed on the deal — talked to Trump to tell him that the proposal would probably not be good for his agenda, White House officials said. Kelly, a former secretary of homeland security, has taken an increasingly aggressive and influential role in the immigration negotiations, calling lawmakers and meeting with White House aides daily — more than he has on other topics.

He has "very strong feelings," in the words of one official. But he's not a lone voice. Trump in recent weeks has also been talking more to conservatives such as Rep. Mark Meadows R-N. White House officials say Kelly is determined to secure a deal on dreamers and border security and has told Trump that the southwestern border is worse than it was a few years ago — and that he can be the president to change the status quo.

Trump, he said, "has hawkish instincts on immigration, but they aren't well-developed, and he hasn't ever been through these kind of legislative fights. It was not viewed as a serious proposal because it did so little to address the immigration issues that the president has been vocal about," said Meadows, who leads the conservative House Freedom Caucus. Nearly every top official ducked into the exclusive Italian restaurant Cafe Milano in Georgetown to toast Powell.

There was little effort to significantly push back on the story that night because aides knew that Trump had said it and that the president wasn't even too upset, according to people involved in the talks. Then Friday morning, Trump appeared to suggest in a tweet that he had not used the objectionable word at all: "The language used by me at the DACA meeting was tough, but this was not the language used. The two men initially said publicly that they could not recall what the president said.

The Cambridge Approach to the Quantity Theory The Classical Aggregate Demand Curve Fiscal Policy Monetary Policy Perspectives 4. Consumption Investment Government Spending and Taxes Perspectives 5. Interest Rates and Aggregate Demand The Keynesian Theory of the Interest Rate The Keynesian Theory of Money Demand The Effects of an Increase in the Money Supply Going Forward Perspectives 6.

Perspectives 7. Sources of Wage Rigidity Classical and Keynesian Theories of Labor Supply More Recent Supply Shocks Keynesian Versus Classical Policy Conclusions Perspectives 8. Money and the Early Keynesians The Monetarist Position Contrast with the Keynesians Recent Instability in the Money—Income Relationship Monetarist Reaction Perspectives 9.

Monetary Policy in the Short Run Monetary Policy in the Long Run Determinants of the Natural Rate of Unemployment Time-Varying Natural Rates of Unemployment Explaining Changing Natural Rates of Unemployment Recent Trends A Review of the Keynesian Position New Classical Policy Conclusions The Question of Persistence Perspectives Effects of a Positive Technology Shock Questions about Real Business Cycle Models Concluding Comment Sticky Price Menu Cost Models Efficiency Wage Models Insider—Outsider Models and Hysteresis Balance of Payments Accounts The Current Account The Financial Account Statistical Discrepancy Official Reserve Transactions Demand and Supply in the Foreign Exchange Market Exchange Rate Arrangements How Much Managing?

How Much Floating? The Breakdown of the Bretton Woods System Advantages of Exchange Rate Flexibility Arguments for Fixed Exchange Rates The Dollar in Decline, —80 The Dollar in the s The Dollar in Recent Years Implication of Some Identities Current Account Deficits—Problems and Prospects Policy Under Fixed Exchange Rates Policy Under Flexible Exchange Rates The Functions of Money Components of the Money Supply The Structure of the Central Bank



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