Senator JD Vance and Governor Tim Walz exchanged claims on immigration and economic impacts during the vice presidential debate. Vance asserted that millions of undocumented immigrants were increasing competition for scarce housing, driving up prices. Fact checks indicate that while immigration may increase demand, the U.S. housing shortage dates back to the 2008 recession and is a more significant factor. Walz claimed that border crossings are down under the Biden administration compared to Trump's term. Data shows a recent decline but also record high yearly apprehensions during Biden's presidency. Vance falsely claimed Harris was the "border czar." The vice president's role focused on addressing migration causes, while border enforcement falls under Homeland Security Secretary Mayorkas.
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00:00It's Benzinga, and here's what's on the block.
00:03Senator J.D. Vance and Governor Tim Walz exchanged claims on immigration and economic impacts
00:08during the vice presidential debate.
00:10Vance asserted that millions of undocumented immigrants were increasing competition for
00:14scarce housing, driving up prices.
00:17Fact checks indicate that while immigration may increase demand, the U.S. housing shortage
00:21dates back to the 2008 recession, which is a more significant factor.
00:26Walz claimed that border crossings are down under the Biden administration compared to
00:29Trump's term.
00:30Data shows a recent decline, but also record-high yearly apprehensions during Biden's presidency.
00:36Vance falsely claimed Harris was the border czar.
00:39The vice president's role focused on addressing migration causes, while border enforcement
00:43falls under Homeland Security Secretary Mayorkas.
00:46For all things money, visit Benzinga.com.