Photo: Alex Wong/Getty Images

The White House Office of Management and Budget (OMB) projected in its midyear review Monday that the federal deficit would surpass $1 trillion this year.

Why it matters: It's the first time the U.S. deficit has exceeded the $1 trillion level since the 4-year period following the Great Recession. When President Trump was a presidential candidate, he promised to wipe out the deficit and also the entire federal debt, which has surpassed $22 trillion.

Go deeper:

Go deeper

Halloween and COVID-19: What you need to know

Illustration: Sarah Grillo/Axios

Celebrating Halloween and Día de los Muertos will be difficult and more isolated this year, but can still be done while minimizing harm to others.

Why it matters: Traditional door-to-door trick-or-treating, indoor parties, haunted houses, crowded cemeteries and communal candy bowls are all considered high-risk activities by the CDC.

Updated 11 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Pence chief of staff Marc Short tests positive for coronavirus — COVID-19 looms over White House Halloween celebrations.
  2. Health: Fauci says maybe we should mandate masks if people don't wear them — America was sick well before it ever got COVID-19U.S. reports over 80,000 new cases for 2nd straight day
  3. World: Polish President Andrzej Duda tests positive for COVID-19.

Pence to continue traveling despite aides testing positive for COVID-19

Marc Short with Pence in March. Photo: Drew Angerer/Getty Images

Marc Short, Vice President Mike Pence’s chief of staff, tested positive for the coronavirus Saturday and is quarantining, according to a White House statement.

Why it matters: Short is Pence's closest aide, and was one of the most powerful forces on the White House coronavirus task force.