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Photo by Al Drago/Getty Image

Following Wednesday's violent siege of the Capitol, Stripe will no longer process payments for President Trump's campaign, which continued to fundraise. The news was first reported by The Wall Street Journal, and confirmed by Axios with a source close to Stripe.

Why it matters: This is the latest escalation in Big Tech's revulsed reaction to last Wednesday's insurrection in D.C., and the first to directly target money flows.

Driving the news: Several businesses said they were going to pause donations to politicians in the wake of Wednesday's attack. Marriott will pause donations from its PAC to "who voted against certification of the election,” a company spokesperson confirmed on Sunday. Citigroup meanwhile will pause all donations from its PAC for the rest of the quarter, according to a company memo obtained by Axios.

Go deeper: Big Tech's free speech showdown.

Go deeper

How cutting GOP corporate cash could backfire

Illustration: Aïda Amer/Axios

Companies pulling back on political donations, particularly to members of Congress who voted against certifying President Biden's election win, could inadvertently push Republicans to embrace their party's rightward fringe.

Why it matters: Scores of corporate PACs have paused, scaled back or entirely abandoned their political giving programs. While designed to distance those companies from events that coincided with this month's deadly siege on the U.S. Capitol, research suggests the moves could actually empower the far-right.

Updated 53 mins ago - Politics & Policy

Supreme Court rejects Trump's attempt to shield documents from Jan. 6 committee

Photo: Melissa Sue Gerrits/Getty Images

The Supreme Court rejected on Wednesday night a bid by former President Trump to block the release of documents and records from his administration to the House committee investigating the Jan. 6 riot at the Capitol.

Why it matters: Trump asked the Supreme Court to step in and block the release of the documents last month after a panel on the U.S. Court of Appeals for the D.C. Circuit unanimously denied his attempt to prevent the committee from obtaining the materials.

Senate Republicans block voting rights bill

Senate Minority Leader Mitch McConnell walks to the Senate floor on Jan. 18. Photo: Eric Lee/Bloomberg via Getty Images

Senate Republicans blocked Democrats' voting rights legislation from coming to a final vote on Wednesday in what was largely viewed as a doomed effort from the start.

Why it matters: The failed vote underscores the Democratic Party's current uphill battle to pass sweeping legislation in a 50-50 Senate.