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Sen. Rand Paul. Photo: Aaron P. Bernstein/Getty Images

Sen. Rand Paul (R-Ky.) disclosed on Saturday that he will vote in support of a resolution this month to block President Trump's emergency declaration, reports the Bowling Green Daily News.

"I can’t vote to give the president the power to spend money that hasn’t been appropriated by Congress. We may want more money for border security, but Congress didn’t authorize it. If we take away those checks and balances, it’s a dangerous thing."

Why it matters: Paul's vote, along with the votes of Republican Sens. Susan Collins (Maine), Lisa Murkowski (Alaska) and Thom Tillis (N.C.), gives the Senate the majority necessary to block Trump's national emergency. Sen. Lamar Alexander also warned Trump last week that he will face a GOP rebellion if he follows through with the declaration. Trump has already vowed to veto the resolution if it passes, which will be the first veto of his presidency.

Go deeper

Senate confirms retired Gen. Lloyd Austin as defense secretary

Photo: Greg Nash-Pool/Getty Images

The Senate voted 93-2 on Friday to confirm retired Gen. Lloyd Austin as secretary of defense. Sens. Mike Lee (R-Utah) and Josh Hawley (R-Mo.) were the sole "no" votes.

Why it matters: Austin is the first Black American to lead the Pentagon and President Biden's second Cabinet nominee to be confirmed.

House will transmit article of impeachment to Senate on Monday, Schumer says

Photo: Drew Angerer/Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) announced that the House will deliver the article of impeachment against former President Trump for "incitement of insurrection" on Monday.

Why it matters: The Senate is required to begin the impeachment trial at 1pm the day after the article is transmitted.

Dan Primack, author of Pro Rata
2 hours ago - Politics & Policy

Private equity bets on delayed tax reform in Biden administration

Illustration: Brendan Lynch/Axios

In normal times, private equity would be nervous about Democratic Party control of both the White House and Congress. But in pandemic-consumed 2021, the industry seems sanguine.

Driving the news: Industry executives and lobbyists paid very close attention to Treasury Secretary nominee Janet Yellen's confirmation hearings this week, and came away convinced that tax reform isn't on the near-term agenda.