Matt Rourke / AP

U.S. construction fell in April by 1.4%, the largest margin in a year, according to the Commerce Department. That indicates a weakness in homebuilding, construction, and government projects, and is significantly weaker than analysts expected, per the AP. The decline is expected to be temporary.

Why it matters: This metric can have implications for upcoming GDP calculations, since construction investment is included in them. The annual update of national income and product accounts will be released late next month.

Where GDP stands right now: U.S. GDP increased at an annual rate of 1.2% in the first quarter of 2017, according to the Bureau of Economic Analysis, which released its assessment late last week.

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Mike Allen, author of AM
52 mins ago - Politics & Policy

Trump-Biden venom on display during final debate

Photos: Brendan Smialowski/AFP via Getty Images; Jim Watson/AFP via Getty Images

Joe Biden twice referred to President Trump as "this guy," and Trump called the former vice president's family "like a vacuum cleaner" for foreign money.

Why it matters: The personal venom — during Thursday's final presidential debate, in Nashville — was a reminder that even during a more normal debate, nothing this year is normal.

Dave Lawler, author of World
2 hours ago - World

Special report: Trump's hopes of nuclear deal with Putin come down to the wire

Illustration: Lazaro Gamio/Axios

A surprise offer from Vladimir Putin has the U.S. and Russia once again circling a potential pre-election nuclear deal.

The big picture: The last treaty constraining the U.S. and Russia, New START, is due to expire on Feb. 5, 2021, two weeks after the next U.S. presidential inauguration. For the first time since the height of the Cold War, the nuclear guardrails could come off.

The cliffhanger could be ... Georgia

Illustration: Sarah Grillo/Axios

It hasn't backed a Democrat for president since 1992, but Georgia's changing demographics may prove pivotal this year — not only to Trump v. Biden, but also to whether Democrats take control of the Senate.

Why it matters: If the fate of the Senate did hinge on Georgia, it might be January before we know the outcome. Meanwhile, voters' understanding of this power in the final days of the election could juice turnout enough to impact presidential results.