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There are primaries in four states tonight — Minnesota, Connecticut, Wisconsin and Vermont — but Wisconsin is the state to watch.

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The state of play: Sen. Tammy Baldwin is one of 10 red-state Democrats defending their seats this cycle and outside GOP groups have already spent more than $12 million attacking her — before they even have a Republican nominee to challenge her.

Why it matters: This seat is crucial to Democrats maintaining some sort of balance in the Senate. But either Republican candidate is going to give Baldwin a run for her money — at least four billionaires in the state have pledged to back the Republican nominee in their fight to oust Baldwin.

  • State Senator Leah Vukmir — who's got the backing of Paul Ryan and the Wisconsin GOP establishment — will face veteran and businessman Kevin Nicholson, the more outsider candidate who was previously endorsed by Steve Bannon.

Other races to watch: Democrats are fighting to take back Paul Ryan's congressional seat in Wisconsin's first district.

  • Both Minnesota U.S. Senate seats are held by women: Sens. Amy Klobuchar and Tina Smith, who took over after Al Franken resigned amid sexual misconduct allegations. There could be two women fighting for this seat in November — incumbent Democratic Sen. Smith, who previously served as Lieutenant Governor, and Republican State Senator Karin Housley.
  • Don't miss congressional races in Minnesota's 2nd, 3rd and 8th districts where Republicans are in danger and a Democratic-held seat is open.
  • Two Republican governors are running for a third term, so watch former Minnesota Governor Tim Pawlenty and incumbent Wisconsin Governor Scott Walker tonight. Three candidates in Wisconsin's Democratic primary could make history if elected in November.

Go deeper: The candidates to watch in tonight's primaries

Go deeper

Dion Rabouin, author of Markets
20 mins ago - Economy & Business

Janet Yellen said all the right things to reassure the markets

Illustration: Aïda Amer/Axios

Treasury Secretary nominee and former Fed chair Janet Yellen's confirmation hearing before the Senate Finance Committee on Tuesday showed markets just what they can expect from the administration of President-elect Joe Biden: more of what they got under President Trump — at least for now.

What it means: Investors and big companies reaped the benefits of ultralow U.S. interest rates and low taxes for most of Trump's term as well as significant increases in government spending, even before the coronavirus pandemic.

Updated 54 mins ago - Politics & Policy

Biden to sign 15 executive actions on Day One

President-elect Joe Biden. Photo: SAUL LOEB/AFP via Getty Images

President-elect Joe Biden is expected to sign 15 executive actions upon taking office Wednesday, immediately reversing key Trump administration policies.

Why it matters: The 15 actions — aimed at issues like climate change and immigration — mark more drastic immediate steps compared with the two day-one actions from Biden's four predecessors combined, according to incoming White House press secretary Jen Psaki.

Mike Allen, author of AM
54 mins ago - Politics & Policy

The Swamp wins

President Trump on Jan. 28, 2017, with two aides he later pardoned — national security adviser Michael Flynn and strategist Steve Bannon. Photo: Drew Angerer/Getty Images

It was 12:50 a.m. on Inauguration Day when President Trump announced 143 pardons and commutations — including a pardon for Steve Bannon. 17 minutes later, the White House released an executive order that said it all about his failure to "drain the Swamp," as he'd promised in the '16 campaign.

Driving the news: Trump revoked an executive order, signed eight days after he took office, that limits his appointees' lobbying for five years after leaving the administration.

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