Presented by Jeremy Paxman & Emily Maitlis
A key part of the Conservatives' election manifesto was an annual cap on immigration aimed at cutting net migration from its current level of 196,000 a year to "tens of thousands".
Today, the prime minister, David Cameron, indicated that thousands of employees of multinational companies will be exempt from the cap.
Intra-company transfers last year accounted for over 60% of the skilled migrants who enter the UK from outside the European economic area.
But speaking at Prime Minister's Questions, Mr Cameron said "Intra-company transfers shouldn't be included in what we are looking a".
Tonight, our Science Editor, Susan Watts will be looking at concerns that the immigration cap will damage Britain's scientific prowess as institutions are stopped from recruiting and retaining talented international scientists.
Jeremy will be joined live by the Immigration Minister, Damian Green.
Paul Mason will be giving us his analysis of the US Federal Reserve's decision to pump $600bn into the US economy to try and boost the fragile recovery and we will be talking to leading economists - Nobel Laureate Professor Edmund Phelps and Raghuram Rajan.
And here's Emily with what is happening in the US: Early morning Washington is deserted. Anyone interested in politics in this town - and that's everyone in this town - was up till four in the morning watching the election results come in.
The Republicans - written off so comprehensively just two years ago, and threatened with 40 years of wandering in the wilderness, have returned, resurgent to take control of the House of Representatives.
As I write President Obama is sounding a conciliatory note and talking of the need for co-operation with the new majority leader John Boehner.
Just a few weeks ago the president referred to him as "the other man of colour" - an allusion to his rather orange tan. There are probably easier ways to begin to talk about consensus.
Tonight, we'll consider how Obama will govern now that Congress is divided. Will there be deadlock on some of the most important issues facing the world today - or will the man once hailed as the great communicator refine those skills at a crucial time?
We'll be talking to a couple of great communicators - Simon Schama and Piers Morgan about the Obama phenomenon and asking those on both sides of the House what this new look administration will mean for the rest of us.
Emily.
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