NY economic report: US must compete for immigrants

NEW YORK (AP) — A report from a group co-chaired by New York Mayor Michael Bloomberg says the United States needs to change its immigration system in order to attract the immigrants who can contribute the most to the nation's economy, or else risk losing ground to other countries.

The report was issued Tuesday by the Partnership for a New American Economy, the mayor's group, along with the Partnership for New York City, a coalition of business leaders.

The report says the United States should reform its immigration system with steps like fast-track permanent visas for immigrants who have advanced degrees and visas for foreign students who are studying for their advanced degrees in American universities.

It also called for allowing regions around the country to determine their own particular immigration needs.