Apr 10, 2019

U.S. deficit swells to $691 billion in first half of 2019

President Trump and Republicans celebrating the passage of his tax bill in 2017. Photo: Alex Wong/Getty Images

The Treasury Department revealed in a budget report on Wednesday that the country’s deficit grew to $691 billion in the first half of the 2019 fiscal year — beginning Oct. 1, 2018 — compared with the $600 billion in the comparable period last year, Reuters reports.

The big picture: The national debt passed $22 trillion, the most ever — $2 trillion of which has been accrued since Trump took office.

Go deeper: The national debt has soared past $22 trillion, but does it even matter?

Editor's note: This story has been corrected to show the deficit grew to $691 billion, not grew by $691 billion and the link to last year's tax cuts has been removed because tax receipts were up.

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Alaska becomes latest state to issue coronavirus stay-at-home order

Data: Axios reporting; Map: Danielle Alberti/Axios

All Alaskans in the state are under a mandate to "remain at their place of residence and practice social distancing" except for those engaged in essential services, including health care and government functions.

The big picture: This is the latest state to announce policies to enforce social distancing. More than 1.5 billion people worldwide were asked to stay home Monday.

Go deeperArrowUpdated 3 mins ago - Health

Hungary's Viktor Orbán granted sweeping powers amid coronavirus crisis

Viktor Orbán. Photo: Michal Cizek/AFP via Getty Images

Hungary's parliament passed a law Monday to allow Prime Minister Viktor Orbán almost unlimited power, for an indefinite period, to fight the coronavirus outbreak.

Why it matters: Hungary has taken a sharply authoritarian turn over the past decade under Orbán, and its likely that he and other strongman leaders around the world will seek to maintain powers they gain during the current crisis long after it's over.

Go deeperArrow38 mins ago - World

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9:30 a.m. ET: 737,929 — Total deaths: 35,019 — Total recoveries: 156,507.
  2. U.S.: Leads the world in cases. Total confirmed cases as of 9:30 a.m. ET: 143,055 — Total deaths: 2,513 — Total recoveries: 4,865.
  3. Federal government latest: The White House will extend its social distancing guidelines until April 30.
  4. Trump latest: The president brushed aside allegations that China is spreading misinformation about the origin of the coronavirus on "Fox & Friends."
  5. Business updates: Americans are calm about their retirement savings despite coronavirus fallout.
  6. World updates: Israeli Prime Minister Benjamin Netanyahu will self-isolate after an aide tested positive for coronavirus.
  7. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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