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Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

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Maria "potentially catastrophic" for Puerto Rico and U.S. Virgin Islands

Photo: NOAA

Hurricane Maria will be "potentially catastrophic" as it hits Puerto Rico and the U.S. Virgin Islands as a "likely" Category 5 storm over the next 24 hours, according to the National Hurricane Center.

The biggest threats: Maria currently packs sustained winds of 165 mph and is forecast to deluge the islands in its path with about a foot of rain and seven to nine feet of storm surge. In its latest update, the NHC branded the storm as "life-threatening," and urged those in its path to "rush to completion" any remaining preparations prior to landfall.

Go deeper

Dion Rabouin, author of Markets
Updated 3 hours ago - Economy & Business

Our make-believe economy is here to stay

Illustration: Eniola Odetunde/Axios

The Federal Reserve and global central banks are remaking the world's economy in an effort to save it, but have created something of a monster.

Why it matters: The Fed-driven economy relies on the creation of trillions of dollars — literally out of thin air — that are used to purchase bonds and push money into a pandemic-ravaged economy that has long been dependent on free cash and is only growing more addicted.

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Mike Allen, author of AM
4 hours ago - Politics & Policy

Why Trump may still fire Barr

Photo: Jabin Botsford/The Washington Post via Getty Images

Attorney General Barr may be fired or resign, as President Trump seethes about Barr's statement this week that no widespread voter fraud has been found.

Behind the scenes: A source familiar with the president's thinking tells Axios that Trump remains frustrated with what he sees as the lack of a vigorous investigation into his election conspiracy theories.

Go deeper (<1 min. read)Arrow
Mike Allen, author of AM
4 hours ago - World

Scoop: Trump's spy chief plans dire China warning

Xi Jinping reviews troops during a military parade in Beijing last year. Photo: Thomas Peter/Reuters

Director of National Intelligence John Ratcliffe on Thursday will publicly warn that China's threat to the U.S. is a defining issue of our time, a senior administration official tells Axios.

Why it matters: It's exceedingly rare for the head of the U.S. intelligence community to make public accusations about a rival power.

Go deeper (1 min. read)Arrow

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