From Fox News:

The lead Democrat steering an immigration overhaul through the Senate said Wednesday he expects to have a bill ready by Labor Day that is more generous to highly skilled immigrant workers than those who are lower skilled and is tough on future waves of illegal immigration. In an interview with The Associated Press, Sen. Chuck Schumer said an immigration bill can be done by the end of the year or early next year that works out disagreements between labor and business interests on the flow of legal foreign workers