Hundreds of shoes in display outside the Puerto Rican Capitol in memory of those killed by Hurricane Maria. Photo: Ricardo Arduengo/AFP/Getty Images

The Puerto Rican government said in an Economic and Disaster Recovery Plan on Thursday that although it was initially reported that 64 lives were lost in Hurricane Maria last year, the "estimate was later revised to 1,427," the New York Times reports.

The big picture: This is a massive increase from the original number, which was underreported because of data shortfalls, destruction of the island's infrastructure and government inaction. It is thought that many deaths may have gone unreported, particularly from rural areas cut off from medical help.

The official death count has not been updated. Government spokesperson Pedro Cerame told the Times that officials are waiting for an additional report from George Washington University, expected this month. Other credible estimates have been much higher.

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Biden says he will appoint commission on Supreme Court reform

Photo: Chip Somodevilla/Getty Images

Joe Biden told CBS' "60 Minutes" this week that if elected, he would put together a bipartisan commission to study the federal court system and make recommendations for reform.

Why it matters: Biden has come under pressure to clarify his position on court packing after some Democrats suggested expanding the court if Senate Republicans confirm President Trump's Supreme Court nominee Amy Coney Barrett.

Dion Rabouin, author of Markets
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Wall Street still prefers bonds

Illustration: Aïda Amer/Axios. Photo: Sunset Boulevard/Getty Contributor

Investors' return on U.S. corporate bonds has been falling since its August peak, but buying has only accelerated, especially in investment grade bonds that are offering historically low yields.

The state of play: Since hitting its 2020 high on Aug. 4, the benchmark Bloomberg Barclays U.S. bond aggregate has delivered a -2.2% return. (For comparison, the S&P 500 has gained 3.9% during the same time period.)

2 hours ago - World

U.S.-Israeli delegation secretly visits Sudan

Photo: Artur Widak/NurPhoto via Getty Images

A joint U.S.-Israeli delegation traveled secretly on Wednesday to Sudan for talks on a possible announcement on "ending the state of belligerence" between the countries that could be released in the next few days, sources briefed on the trip told me.

The big picture: President Trump announced earlier this week he is ready to remove Sudan from the U.S. state sponsors of terrorism list once Sudan pays $335 million in compensation to American terror victims.