Axios AM (beta)

America's coronavirus outbreak is slowing down after a summer of explosive growth.

By the numbers: The U.S. is averaging roughly 52,000 new cases per day — still a lot of cases, but about 10.5% fewer than it was averaging last week.

The U.S. is cutting back on coronavirus testing. Nationally, the number of tests performed each day is about 17% lower than it was at the end of July, and testing is also declining in hard-hit states.

Why it matters: This big reduction in testing has helped clear away delays that undermined the response to the pandemic. But doing fewer tests can also undermine the response to the pandemic.

1. Global: Total confirmed cases as of 3 a.m. ET: 20,624,316 — Total deaths: 749,421— Total recoveries: 12,831,800 — Map.
2. U.S.: Total confirmed cases as of 3 a.m. ET: 5,197,147 — Total deaths: 166,027 — Total recoveries: 1,714,960 — Total tests: 63,252,257 — Map.
3. Politics: Pelosi says Mnuchin told her White House is "not budging" on stimulus position.
4. Business: U.S. already feeling effects of ending unemployment benefits.
5. Public health: U.S. records deadliest coronavirus day of the summer — America's two-sided COVID-19 response
6. Education: New Jersey governor allows schools to reopen — Gallup: America's confidence in public school system jumps to highest level since 2004.