The Trump Administration’s Latest Crackdown on Legal Immigration

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 16 July 2026

⏱️ 12 minutes

🔗️ Recording | Apple Podcasts | RSS

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Summary

P.M. Edition for July 16. A new regulation from the Trump administration will cap student visas to a maximum of four years, and require extensions to stay longer. Journal immigration reporter Michelle Hackman gets into how big a change this is and what students—and U.S. companies—will be most affected. Plus, Chevron says it plans to explore how to help Iraqi oil bypass the Strait of Hormuz. And a new report from the Pew Charitable Trusts shows that debt collectors took more debtors to court last year. We hear from WSJ economics reporter Dan Frosch about what that suggests about the health of the U.S. consumer. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter.

Transcript

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0:00.0	Access to affordable credit helps me pay my employees, but I don't really need it.
0:05.0	Infliction is killing me!
0:08.0	But who cares? Big retailers are making record profits!
0:12.0	That's why we support the Durban Marshall Credit Card Bill!
0:15.0	See? Banks and credit unions help small businesses make payroll.
0:18.0	This bill would cut the vital resources they need.
0:25.1	While increasing megastore profits, they deserve it. Don't they?
0:29.1	Tell Congress, stop the Durban Marshall money grab for corporate megastores.
0:31.2	Paid for by the Electronic Payments Coalition.
0:39.3	The Trump administration will limit how long foreign students can stay in the U.S. This creates a huge amount of uncertainty around, are you going to be denied finishing your degree
0:45.8	midway through your degree? Plus, Chevron plans to help Iraq find a way to move its oil that
0:51.2	doesn't involve the strait of Hormuz, and regulators approve a
0:55.0	first of its kind pill to lower cholesterol. It's Thursday, July 16th. I'm Alex O'Sullough for the
1:01.0	Wall Street Journal. This is a PM edition of What's News, the top headlines and business
1:06.1	stories that move the world today. We start today's show talking about debt, the world today.
1:13.9	We start today's show talking about debt.
1:18.9	The big U.S. banks reporting this week said that their results showed a healthy U.S. consumer,
1:21.7	with delinquency rates on credit cards largely lower.
1:27.2	But a new report out today from the Pew Charitable Trust shows that debt collectors are bringing even more consumers to court,
1:29.4	with lawsuits in 2025 at their highest levels in years across eight states.
1:34.0	In Missouri, for example, the number of lawsuits nearly doubled to more than 120,000 since 2019.
1:40.4	Journal Economics reporter Dan Frosch said the bank's results don't reflect what's happening with all Americans.
	...

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