A preliminary deal would see South Korea pay the U.S. almost $1 billion toward the cost of stationing U.S. military personnel in the country, up from about $800 million under a previous five-year agreement, CNN reports, citing two State Department officials.

Why it matters: This agreement has eased concerns among advisers who feared Trump would agree to withdraw U.S. troops during his summit later this month with North Korean leader Kim Jong-un, whose regime has long objected to the U.S. military presence on the peninsula, per CNN. Trump often bemoans the costs of America's overseas presence and had been demanding South Korea double its contribution, to $1.6 billion.

What to watch: CNN reports that "this would not be a long term fix: it is only a one year agreement, with the possibility for a one year extension" and could be rejected by Trump. There are about 30,000 U.S. troops in South Korea.

Go deeper

Dion Rabouin, author of Markets
34 mins ago - Economy & Business

Wall Street fears meltdown over election and Supreme Court

Illustration: Aïda Amer/Axios

The death of Justice Ruth Bader Ginsburg and President Trump's vow to name her replacement to the Supreme Court before November's election are amplifying Wall Street's worries about major volatility and market losses ahead of and even after the election.

The big picture: The 2020 election is the most expensive event risk on record, per Bloomberg — with insurance bets on implied volatility six times their normal level, according to JPMorgan analysts. And it could take days or even weeks to count the record number of mail-in ballots and declare a winner.

Election clues county by county

Ipsos and the University of Virginia's Center for Politics are out with an interactive U.S. map that goes down to the county level to track changes in public sentiment that could decide the presidential election.

How it works: The 2020 Political Atlas tracks President Trump's approval ratings, interest around the coronavirus, what's dominating social media and other measures, with polling updated daily — enhancing UVA's "Crystal Ball."

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 a.m. ET: 31,605,656 — Total deaths: 970,934 Total recoveries: 21,747,491Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 6,897,432 — Total deaths: 200,814 — Total recoveries: 2,646,959 — Total tests: 96,612,436Map.
  3. Health: The U.S. reaches 200,000 coronavirus deaths — The CDC's crumbling reputation — America turns against coronavirus vaccine.
  4. Politics: Elected officials are failing us on much-needed stimulus.
  5. Business: Two-thirds of business leaders think pandemic will lead to permanent changes — Fed chair warns economy will feel the weight of expired stimulus.
  6. Sports: NFL fines maskless coaches.

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