An evenly split U.S. Senate rejected the latest bid to overturn a slew of President Donald Trump's tariffs on Wednesday, hours after the federal government said the economy contracted for the first time in three years amid the chaos of the tariff regime.

The measure failed in a 49-49 vote with three Republicans breaking with Trump and voting in favor of it.

Sen. Rand Paul (R-KY) (L) speaks with Sen. Ted Cruz (R-TX) as they arrive to the inauguration of U.S. President-elect Donald Trump in the Rotunda of the U.S. Capitol on January 20, 2025 in Washington, DC. Chip Somodevilla/Pool via REUTERS