Illustration: Sarah Grillo/Axios

The Senate voted on Thursday to 59-41 to terminate the president’s emergency declaration on what Trump describes as a national security crisis at the U.S.-Mexico border, but the final tally fell short of the required 2/3 needed to override a veto.

The state of play: Twelve Republican senators voted against Trump's national emergency. Trump declared the emergency last month to reallocate $3.6 billion towards building a wall on the southern border.

What's next: Trump made it clear before the vote on Thursday that he plans to veto the bill. It will be the first veto of his presidency, made as some Republicans voice growing concerns about executive overreach. 12 Republicans voted to block Trump's emergency declaration on Thursday.

The 12 Republicans who voted against Trump's national emergency:

  • Lamar Alexander (Tenn.)
  • Roy Blunt (Mo.)
  • Susan Collins (Me.)
  • Mike Lee (Utah)
  • Jerry Moran (Kan.)
  • Lisa Murkowski (Alaska)
  • Rand Paul (Ky.)
  • Rob Portman (Ohio)
  • Mitt Romney (Utah)
  • Marco Rubio (Fla.)
  • Patrick J. Toomey (Pa.)
  • Roger Wicker (Miss.)

Go deeper: Why Trump actually declared a national emergency

Go deeper

U.S. economy sees record growth in third quarter

Shoppers carrying Forever 21 bags in Times Square. Photo: Alexi Rosenfeld/Getty Images

The U.S. economy grew at a 33.1% annualized pace in the third quarter, the Commerce Department said on Thursday.

The state of play: The record growth follows easing of the coronavirus-driven lockdowns that pushed the economy to the worst-ever contraction — but GDP still remains well below its pre-pandemic level.

Dion Rabouin, author of Markets
1 hour ago - Economy & Business

Investors have nowhere to hide

Photo: Jeenah Moon/Getty Images

The massive losses in oil prices and U.S. and European equities were not countered by gains in traditional safe-haven assets on Wednesday.

Why it matters: The unusual movement in typical hedging tools like bonds, precious metals and currencies means they are not providing investors an asset that will appreciate in the event of a major equity selloff.

Kendall Baker, author of Sports
1 hour ago - Sports

A look inside sports owners' political donations

Data: ESPN/FiveThirtyEight; Chart: Axios Visuals

Sports team owners in the four largest North American leagues (NFL, NBA, MLB, NHL) have donated over $46 million in federal elections since 2015, according to research conducted by ESPN and FiveThirtyEight.

By the numbers: Over the past three elections, $35.7 million of that money (77.4%) has gone to Republican campaigns and super PACs, compared to $10.4 million (22.6%) to Democrats.