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Joe Biden. Photo: Scott Olson/Getty Images

Joe Biden has won Pennsylvania and its 20 electoral votes, AP projects

Why it matters: The massive victory pushes Biden over the 270 electoral vote threshold needed to win the presidency.

The big picture: With Pennsylvania in hand, Biden no longer needs to win outstanding swing states like Nevada, Georgia or Arizona — a state that has been declared for Biden by the AP and Fox News, but which the Trump campaign and other networks insist is still too close to call.

  • Pennsylvania has been at the center of attention this election due to its significant number of mail-in ballots, which officials were not allowed to start counting until Election Day. Trump won the state by less than a point in 2016.
  • On Wednesday morning, Trump had a lead of over 11% in Pennsylvania thanks to the strong turnout of his supporters during in-person voting. Over the next 36 hours, that lead narrowed bit by bit, as mail-in ballots overwhelmingly favoring Biden continued to be reported.

Go deeper: Follow along with Axios' full live coverage

Go deeper

Updated Jan 24, 2021 - Politics & Policy

Arizona Republicans censure Cindy McCain and GOP governor

Combination images of Cindy McCain and Gov. Doug Ducey. Photo: FilmMagic/FilmMagic for U.S.VETS/Michael Brochstein/SOPA Images/LightRocket via Getty Images

Arizona Republican Party members voted on Saturday to censure prominent GOP figures Cindy McCain, Gov. Doug Ducey and former Sen. Jeff Flake (R-Ariz.), who've all faced clashes with former President Trump.

Why it matters: Although the resolution is symbolic, this move plus the re-election of the Trump-endorsed Kelli Ward as state GOP chair shows the strong hold the former president has on the party in Arizona, despite President Biden winning the state in the 2020 election.

Erica Pandey, author of @Work
1 hour ago - Economy & Business

What's really going on with the labor market

Source: YCharts

The labor market is showing some signs of improvement: Jobless claims fell to 730,000 — a dramatic drop from 841,000 the previous week. And the latest jobs report showed a pandemic-era low unemployment rate of 6.3%

But, but, but: That's not the full story, experts say.

Felix Salmon, author of Capital
2 hours ago - Economy & Business

Markets see rare convergence milestone

Expand chart
Data: YCharts; Chart: Axios Visuals

A milestone was reached in the markets Thursday: The yield on the 10-year Treasury note rose to match the dividend yield on the S&P 500

Why it matters: The two yields have been inverted since the beginning of last year, which is historically unusual.

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