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California Gov. Gavin Newsom (L) and Texas Attorney General Ken Paxton. Photos: Jane Tyska/Digital First Media/East Bay Times via Getty Images and Gabriella Demczuk/Getty Images

Texas filed a lawsuit Monday asking the Supreme Court to overturn California's ban on state-funded travel to 11 states over their LGBTQ policies, arguing it is "infected with animus towards religion" and violates federal laws.

Why it matters: The case raises questions about whether the law prohibiting California government employees from traveling to states deemed to discriminate over gender identity or sexuality can stand.

The big picture: The other states on California's travel ban list are Alabama, Kansas, Kentucky, Mississippi, Oklahoma, the Carolinas, South Dakota, Tennessee and Iowa.

  • The travel ban was enacted in 2016 following the North Carolina "bathroom bill" limiting LGBTQ rights. Several states were added to the list in 2017 for permitting adoption agencies to bar same-sex couples from adopting children, including Texas.
  • There are exceptions to the ban, including litigation and California law enforcement, public health, welfare or safety protects of the requirement to comply with requests by the federal government to appear before committees.

What they're saying: California Attorney General Xavier Becerra said the state government is "reviewing the complaint," per Politico, which first reported the action. "In California, we have chosen not to use taxpayer money to support laws discriminating against the LGBTQ community," Becerra added.

Read the complaint:

Go deeper: Supreme Court set to weigh in on 2020's most polarizing issues

Go deeper

Fed revamps rules for officials, restricts trades after controversies

Federal Reserve Chairman Jerome Powell. Photo: Kevin Dietsch/Getty Images

The Federal Reserve on Thursday announced significant changes to its rules regulating officials' financial activities following controversy last month over some officials' past trading practices.

Why it matters: The rule revamp is a coda on the biggest scandal to hit the Fed in recent memory.

Texas urges Supreme Court to leave abortion ban in place

Photo: Emily Elconin/Bloomberg via Getty Images

Texas on Thursday asked the Supreme Court to keep in place a law that bans abortions after an embryo's cardiac activity is detected, which can be as soon as six weeks and before many people know they are pregnant.

Driving the news: Texas Attorney General Ken Paxton is asking the high court to ignore the Justice Department's emergency request that they temporarily block the law while federal courts consider its constitutionality since it "lacks standing because it has not been injured by SB 8."

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

Meme stonks lose their appeal to the world of crypto

Data: Cardify; Chart: Axios Visuals

That sucking sound you hear is the outflow of meme-chasing dollars from the stock market.

Why it matters: The caravan has moved on. The dream of getting rich quick still lives, but today it's more often found in the world of crypto, NFTs or even sports betting than it is in the stock market.