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On the next episode of “Axios on HBO,” Axios co-founder Jim VandeHei discusses the future of air travel with Delta Air Lines CEO Ed Bastian.

Catch the full interview on Monday, June 22 at 11pm ET/PT on all HBO platforms.

Go deeper

Portland has world's worst air quality as West Coast fires raze 5 million acres

An aerial view of structures destroyed by wildfire and others spared by fire retardant in Talent, Oregon. Photo: David Ryder/Getty Images

Portland, Oregon, recorded the poorest air quality in the world Tuesday, per IQ Air, as the West Coast wildfires burn across some 5 million acres.

Why it matters: The mega-fires have charred 3,154,107 acres in California, over 1 million in Oregon and more than 807,000 in Washington amid hazardous air conditions. Seattle has the world's third-worst air quality and Los Angeles the seventh, according to IQ Air. The blazes have killed at least 35 people and displaced tens of thousands. Thousands of structures have been destroyed.

Go deeper: In photos: Historic wildfires rage across the West

Editor's note: This article has been updated with more details on the fires and air quality.

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."