President Joe Biden won’t veto a Republican-led measure making its way through the Senate that would strike down a newly passed law overhauling Washington’s century-old criminal code and reduce the penalties for some crimes, he told Senate Democrats on Thursday.The decision not to veto the legislation deals a major blow to local lawmakers in Washington, D.C., who urged congressional Democrats and Biden to vote against the measure in order to preserve the city’s local autonomy. Biden told Senate Democrats of his decision during th …