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Updated at 11:04 a.m. ET

For Douglas Clark, the darkest part of working for Nike in the 1980s was watching American shoe manufacturing "evaporate" in the Northeast in a mass exodus to Asia in pursuit of cheaper labor.

"As a true Yankee — and my father was a Colonial historian — you know, it was heartbreaking," he said.

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President Trump says that starting next week, ICE agents will begin deporting millions of migrants who are living in the U.S. illegally. It started on Monday with a tweet, and then the president doubled down at his campaign rally in Florida last night.

Updated at 6:41 p.m. ET

Ronald Reagan's former budget director, David Stockman, calls Art Laffer "the greatest Fake Economist to ever come down the pike."

Laffer helped popularize the notion that tax cuts pay for themselves through faster economic growth.

It almost never works out in practice. But Laffer and his namesake curve remain darlings of Republican politicians.

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PRESIDENT DONALD TRUMP: Tonight, I stand before you to officially launch my campaign for a second term as president of the United States.



House Holds Hearing On Reparations

19 hours ago

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