Three of the world`s richest men -- Bill Gates, Warren Buffett and Sheldon Adelson -- put aside their political differences to unite in scathing condemnation of US lawmakers` failure to implement immigration reform.
Rejecting the opinion that immigration reform is impossible, US President Barack Obama has urged the Congress to pass the legislation in this regard which when signed into law would pave the way for citizenship to some 11 million undocumented people.
The US-India Business Council (USIBC) has stepped up its campaign to address the concerns of the IT industry over certain provisions of the comprehensive immigration reform, which has now entered a crucial phase.
The Democratic leader is set to spend the day in Arizona, in the US southwest, for a day of housing-related activities, five years after the "subprime" mortgage crisis sparked the worst economic downturn since the Great Depression.
Flagging India's concern over the immigration reform bill with US authorities, Finance Minister P Chidambaram has said the visa restrictions proposed on knowledge workers amount to non-tariff barriers.
The US-India Business Council (USIBC) argues that the proposed ban and restrictions on client site placement of H1B and L1 workers respectively and a limit on their total percentage in a company's workforce in the US would disproportionally affect Indian-born, highly-skilled workers.
A US lawmaker has pitched for making family reunification a priority in the proposed comprehensive immigration reform bill arguing that this would prevent immigrants from remitting money back home and thus inject billions of dollars into the American economy.
President Barack Obama on Saturday said the ongoing effort to fix the existing "broken immigration system" will not only provide a pathway to earned citizenship for the illegal immigrants, but would also attract the highly- skilled entrepreneurs and engineers who will help create jobs.
The US, which received about 124,000 applications for the 85,000 H-1B visas up for grabs this year, has used lottery to determine who all would be given the most sought after work visas among IT professionals.
The framework for immigration reform would include giving Green Card to those having PhD or masters in science, engineering, technology and maths; besides reducing backlog in the family and employment visa categories.