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Photo: Carlos Barria, Pool/Getty Images

A source close to President Trump tells Jonathan Swan that he thinks a declaration of a national emergency at the border — which Trump stopped short of last night — remains the most likely ultimate option, because of the latitude it gives the president.

Yes, but: Conservatives, including sources in the conservative legal orbit surrounding Trump, don’t like what they view as an abuse of this authority.

Meanwhile, the White House Office of Management and Budget has been exploring other creative ways to get Trump his wall money without having to go through Congress, according to a source close to Russ Vought, a top OMB official.

  • OMB, at Trump's behest, is exploring whether he can tap Pentagon resources to fund the wall without going to Congress, the source said.
  • The Pentagon option is one of a couple of possibilities being seriously contemplated, per the source.
  • Any such move, of course, would face political headwinds, given that even the most obscure pots of federal money have members of Congress jealously guarding them.

Privately, President Trump "dismissed his own new strategy as pointless," the N.Y. Times' Peter Baker reports and I've confirmed:

  • "In an off-the-record lunch with television anchors hours before the address, he made clear in blunt terms that he was not inclined to give the speech or go to Texas [for a border visit tomorrow], but was talked into it by advisers."

"It’s not going to change a damn thing, but I’m still doing it," Trump said.

  • "The trip was merely a photo opportunity, he said. 'But,' he added, gesturing at his communications aides Bill Shine, Sarah Huckabee Sanders and Kellyanne Conway, 'these people behind you say it’s worth it.'"

P.S. The N.Y. Times' Maggie Haberman, post-gaming on CNN: "It's just not a natural setting for him, and we didn't hear a whole lot new."

  • "We certainly heard a whole lot — although less than usual — things that were not true. They are still talking past each other, these two sides."

Go deeper:

Go deeper

Trump bump: NYT and WaPo digital subscriptions tripled since 2016

Data: Axios reporting and public filings; Chart: Axios Visuals

The New York Times and The Washington Post have very different strategies for building the subscription news company of the future.

The big picture: Sources tell Axios that the Post is nearing 3 million digital subscribers, a 50% year-over-year growth in subscriptions and more than 3x the number of digital-only subscribers it had in 2016. The New York Times now has more than 6 million digital-only subscribers, nearly 3x its number from 2016.

Ben Geman, author of Generate
1 hour ago - Energy & Environment

Biden's emerging climate orbit

Photo illustration: Aïda Amer/Axios. Photo: Win McNamee/Getty Images

As of Tuesday morning, we know a lot more about President-elect Joe Biden climate personnel orbit, even as picks for agencies like EPA and DOE are outstanding, so here are a few early conclusions.

Why it matters: They're the highest-level names yet announced who will have a role in what Biden is promising will be a far-reaching climate and energy agenda.

Janet Yellen is back

Photo illustration: Sarah Grillo/Axios. Photo: Hannelore Foerster/Getty Images

A face familiar to Wall Street is back as a central player that this time will need to steer the country out of a deep economic crisis.

Driving the news: President-elect Joe Biden is preparing to nominate former Fed chair Janet Yellen to be Treasury secretary.