TIME Know Right Now

Know Right Now: Netanyahu’s Upcoming Visit Causes Tension Between the U.S. and Israel

Israeli Prime Minister Benjamin Netanyahu is set to address Congress on March 3

Israeli Prime Minister Benjamin Netanyahu is set to speak before a joint session of Congress on March 3, but the upcoming speech is already making waves.

Watch the latest #KnowRightNow to catch up on this developing story.

TIME White House

Obama Tries to Stave Off Deportation Woes at Town Hall

President Barack Obama answers a question from the audience during an immigration town hall meeting and Telemundo interview at Florida International University in Miami on Feb. 25, 2015.
Jim Watson—AFP/Getty Images President Barack Obama answers a question from the audience during an immigration town hall meeting and Telemundo interview at Florida International University in Miami on Feb. 25, 2015.

He called out Congress for stalled immigration policy but also shifted some of the blame to Americans who don’t vote

President Barack Obama did his best before an audience at Florida International University in Miami on Wednesday to reassure that his administration would be “as aggressive as we can” in the legal fight over his executive actions that would have given nearly 5 million undocumented immigrants temporary relief from deportation.

Speaking to nearly 300 people, Obama used the platform as an opportunity to call out Congress for stalling on comprehensive reform that would offer a more permanent solution.

“Until we pass a law through Congress, the executive actions we’ve taken are not going to be permanent; they are temporary,” Obama said Wednesday, at a town hall hosted by Telemundo and MSNBC anchor José Díaz-Balart that aired in the evening. “Not only are we going to have to win this legal fight, but ultimately we’re still going to pass a law through Congress.”

But the audience seemed most concerned with what’s really at stake for immigrant families amid the squabble that’s put his executive actions in jeopardy. And Obama’s answers on that were less encouraging. In the wake of a Texas judge’s decision to temporarily block the executive order—which the administration appealed on Monday—Obama and Secretary of Homeland Security Secretary Jeh Johnson have said that the judge’s order does not impact the administration’s ability to prioritize criminals and others who pose threats to national security for deportation.

Obama said Wednesday, however, that although his administration will focus on “criminals” and “potential felons,” there is no guarantee that everyone at the Immigration and Customs Enforcement (ICE) agency will have gotten the memo.

“There are going to be some jurisdictions and there may be individual ICE official or Border Control agent not paying attention to our new directives,” he acknowledged. “But they’re going to be answerable to the head of Homeland Security because he’s been very clear about what our priorities will be.”

There are reports that some ICE agents are already using the Texas’s judge’s order as a signal they don’t have to follow enforcement priorities. In fact, the New Orleans Workers’ Center for Racial Justice reports, one woman who has actively spoken out against the lawsuit against Obama’s executive action was subjected to wearing an ankle monitor at her last check-in.

The President also shifted some of the blame for stalled immigration policy to Americans who don’t vote.

“I’m willing to bet that there are young people who have family members who are at risk in the broke immigration system who still didn’t vote,” he said. “If we here in America voted at 60-to-70% it would transform our politics. We would have already passed comprehensive immigration reform.”

Wednesday’s town hall came amid the showdown in Congress over whether to use a bill aimed at funding the Department of Homeland Security as an opportunity to block Obama’s immigration action. If funding does not pass this week, the department could shut down. On that, Obama reiterated that Congress should pass a clean bill and challenge the action another way.

“In the short term if Mr. McConnell, the leader of the Senate, and the Speaker of the House, John Boehner, want to have [a] vote over whether what I’m doing is legal or not they can have that vote,” Obama said, adding that he would “veto that vote, because I’m absolutely confident that what we’re doing is the right thing to do.”

Senate Majority Leader Mitch McConnell has signaled he intends to do just that.

TIME Know Right Now

Know Right Now: The Net Neutrality Vote

The FCC will vote on Net Neutrality legislation Thursday. (We already know what Hillary Clinton thinks about it.)

Watch the latest #KnowRightNow to find out what you should know.

MONEY fiduciary

Obama to Wall Street: Stop Acting Like Car Salesmen

Obama at the podium giving a talk
Alex Wong—Getty Images

President Obama will push for a "fiduciary standard," which would require financial advisers to act in clients' best interests.

It’s an issue that’s pitted Main Street against Wall Street for years. Now President Obama is wading into the murky question of what ethical duties financial advisers owe their clients when they recommend products like mutual funds and annuities.

On Monday, President Obama plans to use an AARP event to tout something known as the “fiduciary standard,” which would require financial advisers to act in the best interests of their clients, much as a lawyer must do.

That may seem like a no-brainer. But in fact, investment pros who call themselves “financial advisers” currently are not required to give clients the best advice or products that they can offer. They never have been. In the eyes of the law, financial advisers—once more commonly known as stockbrokers—are like car salesmen or the guys selling TVs at the local big box store: They can and do tout products that offer the heftiest profits and commissions.

To be sure, investment advisers have never been allowed to recommend just any investment. Current law requires they sell investments that are “suitable” for their clients based on factors like age or risk tolerance. In practice, however, that often means actively managed mutual funds with hefty sales loads or annuities with complex and expensive guarantees. Compared to low-cost index funds and exchange-traded funds, these investments can end up costing savers tens of thousands of dollars over the years it takes to build a retirement nest egg.

Raising the legal standard to a fiduciary one might stop that practice. That’s a big reason that consumer advocates, including the AARP and the Consumer Federation of America, have been calling for years to require all advisers to act as fiduciaries.

Both the Securities and Exchange Commission and the Department of Labor, which has jurisdiction over 401(k) plans, have taken stabs at requiring advisers to become fiduciaries. The issue was a key point of contention in the debate of the 2010 Dodd-Frank financial reform bill. While the bill ultimately included language that appeared to authorize the SEC to implement the financial standard, five years later the proposal is still stalled. One key point of contention: Financial advisers that work on commission tend to take on less wealthy clients. That has allowed Wall Street firms—and especially big insurance companies whose agents sell annuities—to argue that tougher rules would deprive middle class investors of advice.

Of course, it may seem strange that members of Congress would listen to what big business thinks is best for middle class investors while ignoring AARP and the Consumer Federation of America. But that only speaks to the strange ways of Washington—and, of course, to the ingenuity and determination of the financial services lobby.

The White House push appears to focus on advice doled out to investors in retirement plans. While that’s a huge group of investors, it’s not clear what effect, if any, the proposal would have on advice regarding taxable investment accounts. Any new rules could also be crafted to permit brokers to continue to earn commissions, something that many investors advocates are likely to see as a potentially fatal loophole.

TIME uk

Prince Charles Will Meet President Obama in the White House in March

British Asian Trust Dinner
Dave J Hogan—WPA Rota/Getty Images Prince Charles, Prince of Wales, gives a speech as he attends the British Asian Trust dinner at Banqueting House on Feb. 3, 2015 in London, England.

Heir to the throne will pay a visit to the United States

Fresh off his visit with Prince William last year, Obama is going to host another royal guest — the heir to the British throne.

Charles, Prince of Wales, and Camilla, Duchess of Cornwall, are scheduled to meet with Obama during their four-day visit to the United States in March.

The heir to the throne will meet with the President in the Oval Office on March 19, according to a tweet from the National Security Council, and the meeting is said to underscore the “special relationship” between the U.S. and the U.K.

The royal pair will be visiting during the 150th anniversary of the end of the Civil War and Lincoln’s death, and are planning to visit numerous historical sites, including the home where Lincoln is thought to have written the last draft of the Emancipation Proclamation, according to a news release. They’ll also visit Mount Vernon and meet with American veterans, and stop off in Louisville, KY.

TIME

President Obama Names Joe Clancy as New Head of Secret Service

Joseph Clancy
Susan Walsh—AP Acting Secret Service Director Joseph Clancy testifies on Capitol Hill in Washington, in 2014.

He will fill the position after four months as acting director

(WASHINGTON) — President Barack Obama has chosen the former special agent he asked to temporarily run the troubled Secret Service to take over as director.

The White House said Joe Clancy will fill the position after four months as acting director. Clancy, former head of the service’s presidential protective division, was appointed on an interim basis in a hurry last year after then-Director Julia Pierson was forced out in the wake of a host of security breaches.

An independent panel tasked with reviewing the agency and making recommendations for improvements concluded earlier this year that agency was too “insular” and “starving for leadership.”

They also recommended hiring an agency outsider as the next director. Last month, four of the agency’s highest-ranking officials were reassigned in response to the mishaps.

“The next director will have to make difficult choices, identifying clear priorities for the organization and holding management accountable for any failure to achieve those priorities,” the panel said after interviewing 50 Secret Service employees. “Only a director from outside the (Secret) Service, removed from organizational traditions and personal relationships, will be able to do the honest top-to-bottom reassessment this will require.”

Rep. Jason Chaffetz, chairman of the House Oversight and Government Reform Committee, said Wednesday it was “disappointing” that Obama decided not to follow the panel’s recommendations.

“The panel made it crystal clear that only a director from outside the agency would meet the needs of the agency today – someone with a fresh perspective, free from allegiances and without ties to what has consistently been described as a ‘good old boys network,'” said Chaffetz, R-Utah, in a statement.

On Sept. 19, a fence-jumper carrying a knife was able to run deep into the executive mansion, prompting the agency to put a second layer of fencing around the presidential complex. Obama initially told aides he was satisfied with the changes, but then wanted new leadership after he learned that he had ridden on an elevator with a security contractor that the Secret Service didn’t know was armed.

TIME Immigration

Judge Approves Injunction Against Obama’s Executive Action on Immigration

Obama Discusses His Immigration Plan At Visit To Las Vegas High School
Ethan Miller—Getty Images U.S. President Barack Obama speaks about his executive action on U.S. immigration policy on Nov. 21, 2014, in Las Vegas

The judge asked all parties to submit a schedule for the resolution of the issue by Feb. 27

A South Texas judge has ordered an injunction on U.S. President Barack Obama’s executive actions on immigration that permitted millions of undocumented immigrants to stay in the country.

“The court finds that the government’s failure to secure the border has exacerbated illegal immigration into this country,” the opinion by U.S. District Judge Andrew S. Hanen reads.

The 26 states that sued the federal government say the lawsuit isn’t about immigration, but “rule of law, presidential power, and the structural limits of the U.S. Constitution.”

The plaintiffs argued Obama’s orders, which would spare up to 5 million people who are currently in the U.S. illegally from deportation, unlawfully suspended the nation’s immigration laws and stopping the order is the only way to protect them from further damage.

The states, which include Texas, North Carolina, and Alabama, also said the federal government’s actions are to blame for last summer’s crisis of droves of minors traveling across the southwestern border unaccompanied.

The Texas Attorney General’s office said on Twitter that the injunction is a “victory for the rule of law and a crucial first step in reigning in [Obama’s] lawlessness.”

In his order, Judge Hanen, a 2002 appointee of President George W. Bush, prevented any implementation of the Deferred Action for Parents of Americans and Lawful Permanent Residents, or DAPA, until a resolution is reached or the court decides otherwise.

The Judge’s order gives a coalition of 26 states the opportunity to pursue a lawsuit that would permanently halt the President’s orders. Hanen ordered the parties to come to an agreement on the issue by Feb. 27, when they will be required to submit a schedule for its resolution.

In a statement issued early Tuesday, the White House said the President was well within his rights when he established the new immigration rules.

“The Supreme Court and Congress have made it clear that the federal government can set priorities in enforcing our immigrations laws—which is exactly what the President did,” the statement reads. “The district court’s decision wrongly prevents these lawful, commonsense policies from taking effect.”

According to the White House, the Department of Justice plans to appeal the judge’s decision.

Read next: Boehner: Senate Democrats Are to Blame If Homeland Security Shuts Down

Listen to the most important stories of the day.

TIME Cybercrime

Obama Acknowledges U.S. ‘Plays Offense’ on Foreign Hacking

He compared it to basketball, because Obama

President Obama acknowledged that the United States “plays offense” against other countries online, arguing that the lines between defensive and aggressive actions are blurred in the world of cybersecurity.

In an interview with the tech news website Re/Code during a visit to Silicon Valley, Obama compared online security to basketball, describing a fluid situation where America routinely switches between offensive and defensive actions.

“This is more like basketball than football in the sense that there’s no clear line between offense and defense,” he said. “Things are going back and forth all the time.”

MORE: Obama Calls on Silicon Valley to Help Thwart Cyberattacks

He also argued that the technology goes both ways “because when you develop sufficient defenses, the same sophistication you have for defense means that potentially you can engage in offense.”

The remarks come after cyberattacks last year aimed at Sony over the planned release of the comedy The Interview, for which U.S. officials blame North Korea, and more recent attacks on the Anthem insurance company, in which China is suspected of playing a role.

Obama called for a set of international protocols that would set “clear limits and guidelines” on cyberwarfare.

MORE: Here’s How Obama Wants to Protect Against Hackers

“It’s not as if North Korea is particularly good at this,” he said. “But look how much damage they were able to do.”

He also argued that Iran is “good” at hacking, while China and Russia are “very good.”

The president was also asked about what technologies he uses personally.

“I don’t have a Fitbit yet, but I work out hard,” he said. “Word is these Apple Watches might be a good companion for my workouts. So I’m gonna see, I’m gonna test it out.”

TIME Pop Culture

See the Best Impersonations of Presidents From Saturday Night Live

A look back at how some of the greatest comedians impersonated the Commanders-in-Chief on the iconic late night sketch comedy show

TIME politics

Watch Obama Use a Selfie Stick to Sell Obamacare

It's all to get people insured

President Obama is using your dad’s favorite invention of 2014: The selfie stick.

But the President wasn’t mugging for vanity’s sake. Rather, Obama created a millennial-friendly video with Buzzfeed as a way to get young Americans to sign up for health insurance ahead of the latest Obamacare enrollment deadline.

This isn’t the first time the President has used humor to advertise the Affordable Care Act. Last year, Obama worked with Funny or Die on the hilarious and very viral video Between Two Ferns.

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