Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo: Tasos Katopodis/Getty Images

The Trump campaign said on Wednesday that it plans to file for recounts in two Wisconsin counties — a state Joe Biden won by more than 20,600 votes, per AP.

The state of play: According to the Milwaukee Journal Sentinel, Trump paid the $3 million needed for a recount in Milwaukee and Dane counties — two of the most liberal counties in the state. The recount must start no later than Saturday and finish by Dec. 1.

Between the lines via Axios' Jonathan Swan: The Wisconsin partial recount is the most important signal so far that Trump will continue with his challenges until Dec. 14.

The big picture: Recounts have historically only changed electoral margins by very few votes, according to the nonpartisan election reform group FairVote.

  • Former Wisconsin Republican Gov. Scott Walker suggested after the election that Biden's lead in the state was too steep to be overturned in a recount, saying "20,000 is a big hurdle" for the president.
  • Trump won the state in 2016 by 23,000 votes, and the state recount that year netted the president an additional 131 votes.

Worth noting: There is already a by-hand recount underway in Georgia, where Biden leads by around 14,000 votes.

  • In Pennsylvania, Secretary of State Kathy Boockvar said she will not order a recount or recanvass of ballots cast in the 2020 election "as no statewide candidate was defeated by one-half of 1% or less of the votes cast."

Editor's note: Scott Walker is a former governor of Wisconsin (not the current governor).

Go deeper

Updated Dec 2, 2020 - Politics & Policy

The top Republicans who have acknowledged Biden as president-elect

Photo: Tasos Katopodis/Getty Images

Some elected Republicans are breaking ranks with President Trump to acknowledge that President-elect Biden won the 2020 presidential election.

Why it matters: The relative sparsity of acknowledgements highlights Trump's lasting power in the GOP, as his campaign moves to file multiple lawsuits alleging voter fraud in key swing states — despite the fact that there have been no credible allegations of any widespread fraud anywhere in the U.S.

Dan Primack, author of Pro Rata
7 hours ago - Technology

TikTok gets more time (again)

Illustration: Aïda Amer/Axios

The White House is again giving TikTok's Chinese parent company more to satisfy national security concerns, rather than initiating legal action, a source familiar with the situation tells Axios.

The state of play: China's ByteDance had until Friday to resolve issues raised by the Committee on Foreign Investment in the U.S. (CFIUS), which is chaired by Treasury secretary Steve Mnuchin. This was the company's third deadline, with CFIUS having provided two earlier extensions.

Federal judge orders Trump administration to restore DACA

DACA recipients and their supporters rally outside the U.S. Supreme Court on June 18. Photo: Drew Angerer via Getty

A federal judge on Friday ordered the Trump administration to fully restore the Deferred Action for Childhood Arrivals program, giving undocumented immigrants who arrived in the U.S. as children a chance to petition for protection from deportation.

Why it matters: DACA was implemented under former President Obama, but President Trump has sought to undo the program since taking office. Friday’s ruling will require Department of Homeland Security officers to begin accepting applications starting Monday and guarantee that work permits are valid for two years.