Jul 16, 2019

White House projects $1 trillion deficit for 2019

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

The latest: George Floyd protests nationwide

Police officers wearing riot gear push back demonstrators outside of the White House on Monday. Photo: Jose Luis Magana/AFP via Getty Images

Protests over the death of George Floyd and other police-related killings of black people continued for a seventh day across the U.S., with President Trump threatening on Monday to deploy the military if the unrest continues.

The latest: An SUV in Buffalo, New York, plowed through a crowd of law enforcement officers Monday night, striking two officers who are now in stable condition at Erie Medical Center, the AP reports.

57 mins ago - Technology

Cisco, Sony postpone events amid continued protests

Screenshot: Axios (via YouTube)

Cisco said Monday night that it is postponing the online version of Cisco Live, its major customer event, amid the ongoing protests that have followed the killing of George Floyd.

Why it matters: Cisco joins Sony, Electronic Arts and Google in delaying tech events planned for this week.

1 hour ago - Technology

Twitter suspends fake antifa account tied to white nationalists

Twitter said Monday that it has suspended an account named "ANTIFA_US" which it says was tied to the white nationalist group Identity Evropa. Over the weekend, the account had called for violence and its posts had widely circulated online.

Why it matters: It's the latest example of social media being used to exploit and sharpen the very real divisions in American society. It's also the latest example of Twitter more aggressively rooting out false information on its platform.