Nancy Pelosi and Chuck Schumer. Photo: SAUL LOEB/AFP/Getty Images

Nancy Pelosi and Chuck Schumer are asking Congress to add $300 million to the proposed budget "to respond to the inevitable Russian efforts to influence the upcoming 2018 elections," per the Democrats' letter.

Why it matters: The White House has not laid out a plan for preventing election interference in the future, even as CIA Director Mike Pompeo has warned that Russians are already attempting to do so this year.

The details:

  • This comes less than a week after Bob Mueller indicted 13 Russian nationals and 3 Russian entities for interfering in the 2016 election.
  • Nita Lowey (D-NY) and Patrick Leahy (D-VT) also signed the letter.
  • The financial increase would help the FBI, Department of Homeland Security and the Election Assistance Commission in their efforts to improve election infrastructure.
  • The Congressional group suggests that these departments work together to help "replace outdated registration and voting systems; and ensure procedures are in place to accurately count every ballot."
  • Paul Ryan's spokeswoman AshLee Strong told Axios: “The bipartisan House Intel Committee has conducted a year-long review into Russia meddling in the 2016 elections. This review, along with the Senate Intel and FBI investigations, will inform lawmakers on ways to protect the 2018 election."

Go deeper

Jeff Sessions loses Alabama Senate primary runoff

Jeff Sessions. Photo: Michael DeMocker/Getty Images

Former Attorney General Jeff Sessions has lost the Republican nomination for Senate to Tommy Tuberville in Alabama in Tuesday night’s primary runoff, AP reports.

Why it matters: Sessions had been the underdog in the race against former Auburn University head football coach Tommy Tuberville, who had the backing of President Trump. Tuberville will now face off against Sen. Doug Jones (D-Ala.) in November, who is considered to have one of the most vulnerable Democratic Senate seats in the country.

Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 13,273,537 — Total deaths: 577,006 — Total recoveries — 7,367,106Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 3,424,304 — Total deaths: 136,432 — Total recoveries: 1,049,098 — Total tested: 41,764,557Map.
  3. Politics: Biden welcomes Trump wearing mask in public but warns "it’s not enough"
  4. Public health: Four former CDC heads say Trump's undermining of agency puts lives at risk — CDC director: U.S. could get coronavirus "under control" in 4–8 weeks if all wear masks.

Bank CEOs brace for worsening economic scenario

JPMorgan CEO Jamie Dimon. Photo: J. Lawler Duggan/For The Washington Post via Getty Images

Wells Fargo swung to its first loss since the financial crisis — while JPMorgan Chase and Citigroup reported significantly lower profits from a year earlier — as the banks set aside billions of dollars more in the second quarter for loans that may go bad.

Why it matters: The cumulative $28 billion in loan loss provisions that banks have so far announced they’re reserving serves as a signal they’re preparing for a colossal wave of loan defaults as the economy slogs through a coronavirus-driven downturn.