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Photo: Michael B. Thomas/Getty Images

AccuWeather is predicting as much as $12.5 billion in damages throughout the Midwest after months of flooding has ravaged the region, according the the Wall Street Journal.

Catch up quick: The first half of 2019 is on its way to becoming the wettest on record due to snowmelt and flooding, largely in the Midwest, according to the National Oceanic and Atmospheric Administration. The ensuing damage has been extremely costly to Midwestern infrastructure and industries, particularly with agriculture.

  • Officials in Iowa are estimating the first round of flooding alone cost the state $2 billion in losses.
  • Illinois' state transportation department estimates more than 1,000 miles of road will require cleaning.
  • In Nebraska, only 10 of the 21 bridges that had to be closed have reopened, and repairs on the rest may not be finished until fall 2020.

Where it stands: "All but two of the 15 states through which the Missouri and Mississippi rivers flow have received federal disaster declarations for storms and multiple rounds of flooding this spring," the Journal notes.

  • But the repairs will still be timely, and many states will still continue experiencing economic losses while waiting.

Go deeper: June sets temperature records around the globe

Go deeper

Wall Street braces for more turbulence ahead of Election Day

Illustration: Eniola Odetunde/Axios

Wall Street is digging in for a potentially rocky period as Election Day gets closer.

Why it matters: Investors are facing a "three-headed monster," Brian Belski, chief investment strategist at BMO Capital Markets, tells Axios — a worsening pandemic, an economic stimulus package in limbo, and an imminent election.

Dave Lawler, author of World
3 hours ago - World

How Biden might tackle the Iran deal

Photo illustration: Aïda Amer/Axios. Photo: Drew Angerer/Getty Images

Four more years of President Trump would almost certainly kill the Iran nuclear deal — but the election of Joe Biden wouldn’t necessarily save it.

The big picture: Rescuing the 2015 Joint Comprehensive Plan of Action (JCPOA) is near the top of Biden's foreign policy priority list. He says he'd re-enter the deal once Iran returns to compliance, and use it as the basis on which to negotiate a broader and longer-lasting deal with Iran.

Kamala Harris, the new left's insider

Photo illustration: Eniola Odetunde/Axios. Photo: Joe Buglewicz/Getty Images     

Progressive leaders see Sen. Kamala Harris, if she's elected vice president, as their conduit to a post-Biden Democratic Party where the power will be in younger, more diverse and more liberal hands.

  • Why it matters: The party's rising left sees Harris as the best hope for penetrating Joe Biden's older, largely white inner circle.

If Biden wins, Harris will become the first woman, first Black American and first Indian American to serve as a U.S. vice president — and would instantly be seen as the first in line for the presidency should Biden decide against seeking a second term.