Photo: Brendan Smialowski/AFP/Getty Images

The Senate passed the National Defense Authorization Act on Thursday on an 86-14 vote.

Why it matters: An amendment to the act calls for 10 military bases honoring the Confederacy to be renamed, which President Trump greatly opposes, per the Wall Street Journal. Trump previously threatened to veto the measure if it passed with the provision.

  • Despite Trump's veto threats, the House and Senate both moved forward with measures that included the provision.

Details: The act also guarantees a 3% pay raise for troops, $740 billion for national-security programs in the fiscal year 2021, and $44 million for coronavirus vaccines and biotechnology research.

What's next: Members of the House and Senate will meet to reconcile their versions of the bill, which will then have to pass both chambers before heading to Trump's desk.

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Mike Allen, author of AM
Oct 18, 2020 - Politics & Policy

The green tsunami

Data: FEC; Chart: Andrew Witherspoon/Axios

The most shocking pre-election result neither side can dispute is in: Democrats are destroying Republicans in truly historic ways in fundraising. 

Why it matters: Money can’t buy elections, but it sure helps. And Joe Biden and a half dozen Senate Democratic candidates are bathing in cash, often with 2x or 3x advantages over their opponents. 

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trustFlorida breaks record for in-person early voting — McConnell urges White House not to strike stimulus deal before election — Republican senators defend Fauci as Trump escalates attacks.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots — University of Michigan students ordered to shelter-in-place.
  4. World: Ireland moving back into lockdown — Argentina becomes 5th country to report 1 million infections.

Report: Goldman to settle DOJ probe into Malaysia's 1MDB for over $2B

Illustration: Lazaro Gamio/Axios

Goldman Sachs has agreed with the Department of Justice to pay over $2 billion for the bank's role in Malaysia's multi-billion dollar scandal at state fund 1MDB, Bloomberg first reported.

Why it matters: The settlement, expected to be announced within days, would allow Goldman Sachs to avoid a criminal conviction in the U.S. over the bribery and money laundering scandal that saw three of its former bankers banned for life from the banking industry by the Federal Reserve Board.