Wall Street CEOs demand Biden and Congress fix NYC migrant crisis

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Wall Street CEOs demand Biden and Congress fix NYC migrant crisis
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More than 100 CEOs and business leaders in New York City are calling for federal action to fix the United States' broken immigration system and address the migrant crisis.

"The New York business community is deeply concerned about the humanitarian crisis that has resulted from the continued flow of asylum-seekers into our country. The situation is overwhelming the resources not only of the border region but of city and state governments across the nation," the letter states.

The CEOs requested that the federal government provide Hochul with funding for education, shelter, security and health care services for migrants to offset the costs state and local governments have incurred by providing those services. They also called for Congress to expedite the processing of asylum claims and make work permits easier to obtain, acknowledging that state and local governments "have no standing in this matter.

New York Gov. Kathy Hochul has asked President Biden to provide federal funding to New York to assist with housing migrants and finding asylum-seekers job opportunities.

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