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Trump and Saudi Crown Prince Mohammed bin Salman. Photo: Bernd von Jutrczenka/picture alliance via Getty Images

The Senate on Monday failed to override President Trump's veto of three resolutions seeking to block U.S. arms sales to Saudi Arabia, falling 22 votes short of the necessary two-thirds majority.

Why it matters: The initial passage of the resolutions marked yet another bipartisan rebuke of the administration's close relationship with Saudi Arabia, which has come under increased scrutiny in the months since the murder of journalist Jamal Khashoggi at the hands of the Saudi government. Trump, in vetoing the resolutions, argued that they "would weaken America's global competitiveness and damage the important relationships we share with our allies and partners."

The big picture: In May, Secretary of State Mike Pompeo confirmed that Trump would invoke an emergency provision allowing him to bypass Congress to sell nearly $8 billion worth of weapons — prompting fury from senators on both sides of the aisle. The failure of the Senate to override Trump's vetoes leaves Congress with little recourse for influencing the administration's controversial relationship with Saudi Arabia.

Go deeper: Trump replenishes Saudi arsenal by vetoing arms sale blocks

Go deeper

Acting Capitol Police chief: Phone logs show Jan. 6 National Guard approval was delayed

Pittman at a congressional tribute for fallen officer Brian Sicknick. Photo: Erin Schaff-Pool/Getty Images

Acting U.S. Capitol Police Chief Yogananda Pittman testified on Thursday that cell phone records show former USCP Chief Steven Sund requested National Guard support from the House sergeant at arms as early as 12:58 p.m. on Jan. 6, but did not receive approval until over an hour later.

Why it matters: Sund and former House Sergeant at Arms Paul Irving clashed at a Senate hearing on Tuesday over a dispute in the timeline for when Capitol Police requested the National Guard during the Capitol insurrection.

Manhattan prosecutors reportedly obtain millions of pages of Trump's tax records

Photo: Al Drago/Bloomberg via Getty Images

The Manhattan district attorney is now in possession of millions of pages of former President Trump's tax and financial records, CNN first reported, following a Supreme Court ruling that allowed prosecutors to enforce a subpoena after a lengthy legal battle.

Why it matters: Trump fought for years to keep his tax returns out of the public eye and away from prosecutors in New York, who are examining his business in a criminal investigation that was first sparked by hush-money payments made by Trump's former fixer Michael Cohen during the 2016 election.

Dion Rabouin, author of Markets
3 hours ago - Economy & Business

The digital dollar is now high priority for the Fed

Illustration: Aïda Amer/Axios

The U.S. is starting to get serious about a central-bank-backed digital currency, with recent comments from top officials laying out the strongest support yet.

Driving the news: On Tuesday Fed chair Jerome Powell told Congress that developing a digital dollar is a "high priority project for us," but added that there are "significant technical and policy questions."