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The U.S. women's team celebrates during a game against the Netherlands on July 30, 2021 in Yokohama, Japan. Photo: Logan Beerman/ISI Photos/Getty Images

The U.S. women's soccer team won the bronze medal on Thursday after beating ninth-ranked Australia 4-3.

Why it matters: Thursday's victory marks the U.S. team's first bronze in Olympic history, handing the team a medal after it failed to earn one during the Rio Games in 2016.

  • After Thursday's win, the U.S. women's squad has now won four Olympic gold medals, one silver and one bronze.

Driving the news: U.S. women's team veterans Megan Rapinoe and Carli Lloyd scored two goals each.

The big picture: The U.S. team has seen it all this Olympics — disappointing defeat, overwhelming victory and a nail-biting penalty kick shootout.

  • Though not the result the reigning World Cup champions had wanted, they bounced back after a bumpy start to the Games.
  • The U.S. team lost to Sweden 3-0 in the team's Olympic debut and then overwhelmed New Zealand 6-1.
  • The U.S. women's soccer team faced Australia during the group stage of the Tokyo Olympics, where they eked out a 0-0 tie — just enough to earn them a spot in the quarterfinals.
  • The U.S. then beat the Netherlands in a penalty kick shootout before losing to Canada 1-0 on Monday.

What's next: Though the U.S. women's soccer team's Olympic run is over, Canada plays Sweden in the gold medal match Friday morning at 8 a.m. ET.

  • The gold medal match was originally scheduled for Thursday at 10 p.m., but was rescheduled after Sweden and Canada complained that it had been scheduled for the hottest part of the day, Axios' Ina Fried reports.

Go deeper

Oct 25, 2021 - Sports

Unvaccinated athletes face 21-day quarantine at Beijing Olympics

Logos for the 2022 Winter Olympics at Yanqing Ice Festival in February in Beijing. Photo: Lintao Zhang/Getty Images

Athletes, staff members and journalists at the 2022 Beijing Olympic and Paralympic Winter Games who have not been vaccinated against the coronavirus will be required to quarantine for three weeks, the International Olympic Committee (IOC) outlined in its newly published "playbooks."

Why it matters: The quarantine period is longer than the Games themselves, meaning vaccinations or an earlier arrival date will be required to participate in or cover the Games.

Surprising pandemic side effect: Soaring trade deficits

Source: Census Bureau and Bureau of Economic Analysis; Chart: Axios Visuals

Inflation and jobs may get all the economic headlines, but meanwhile a big shift is taking place in the underpinnings of the world economy: The U.S. trade deficit is soaring.

What's happening: Americans' spending on imported physical goods has gone through the roof, while exports are growing slowly, making the U.S. the world's consumer of last resort.

Mike Allen, author of AM
2 hours ago - Politics & Policy

Third Way: "Big Lie" could become "Big Coup"

Graphic: Third Way

Third Way, the center-left think tank, is urging fellow Democrats to respond to the Capitol riot with "the size, scope, and seriousness of a presidential campaign," co-founder Matt Bennett tells me.

Driving the news: "For the first time in U.S. history, a party must mount two parallel presidential campaigns: one to win the election, and the other to prevent its theft," Bennett said, calling this "a Paul Revere moment."

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