The federal deficit will surpass $1 trillion by 2020, the nonpartisan Congressional Budget Office reported Monday.

The deficit is growing at a faster rate than previously estimated, the CBO added, spurred on by recent legislative decisions including the Republican tax bill passed in December and last month's approval of increased military spending, which together will add $1.6 trillion to deficits in the next decade.

Federal debt will reach $804 billion by the end of the fiscal year in 2018, estimates showed. The last CBO report, published in June, projected that deficits wouldn't top $1 trillion until 2022, but increased federal spending and cuts to government revenue streams have bumped the estimate up two years.

The report did find, however, that economic growth is steady and unemployment is low. Moreover, the nation's GDP is set to increase by 3.3 percent in 2018, making good on Republican promises to spark growth in the economy.

Even so, deficits in the next decade are poised to be at their highest levels since World War II — with the exception of 2008 and 2009, when the country was in a recession. Read more at Bloomberg. Summer Meza

Nick Cordero, the Tony-nominated actor who starred in Bullets Over Broadway, Waitress, Rock of Ages, and A Bronx Tale: The Musical, died Sunday in Los Angeles after battling the coronavirus for several months. He was 41.

Cordero's wife, Amanda Kloots, shared on Instagram that her husband died "surrounded in love by his family, singing and praying as he gently left this Earth."

Cordero was hospitalized in late March after doctors thought he had pneumonia, and Kloots kept fans updated on his condition via Instagram. While in the intensive care unit, his right leg was amputated and he was put in a medically-induced coma. He also lost 65 pounds and suffered from two mini-strokes. Earlier this month, Kloots told CBS This Morning that Cordero would "most likely" need a double lung transplant in order to "live the kind of life that I know my husband would want to live."

The Canadian-born Cordero made his Broadway debut in 2012 in Rock of Ages, and was nominated for a Tony in 2014 for his role as Cheech in Bullets Over Broadway. He also appeared on several television shows, including a stint on Blue Bloods as Victor Lugo. In addition to Kloots, Cordero is survived by his young son, Elvis. Catherine Garcia

More than 230 scientists from 32 countries are asking the World Health Organization to address growing evidence that the coronavirus can spread indoors via aerosols that float in the air, The New York Times reports.

The WHO has maintained that the coronavirus is primarily spread by infected people who sneeze and cough, with their large respiratory droplets falling to the ground quickly. In its most recent guidance, the WHO said airborne transmission of the virus is only possible after medical procedures that produce aerosols. The scientists disagree, writing in a soon-to-be-published open letter that smaller exhaled particles can infect people, and the WHO's recommendations should be revised.

Multiple scientists told the Times that while they appreciate the WHO's work and attempts to educate the public, they are slow and risk-averse to updating recommendations. Dr. Benedetta Allegranzi, the WHO's technical lead on infection control, told the Times the organization stated "several times that we consider airborne transmission as possible but certainly not supported by solid or even clear evidence. There is a strong debate on this." Read more at The New York Times. Catherine Garcia

President Trump will hold an outdoor rally in New Hampshire next Saturday, with his campaign saying on Sunday it will pass out face masks and hand sanitizer to attendees.

The rally will take place at Portsmouth International Airport. In June, Trump held his first campaign event in months at Tulsa's BOK Center. About 6,000 people showed up, a smaller-than-expected crowd. Hogan Gidley, Trump 2020's national press secretary, said in a statement the campaign is looking forward to "so many freedom-loving patriots" coming to the New Hampshire rally and "celebrating America."

The number of coronavirus cases continues to climb across the country, and Ray Buckley, chair of the New Hampshire Democratic Party, told Reuters the rally will "only further highlight the chaos" Trump has caused in his "woefully inadequate" handling of the pandemic. Catherine Garcia

Dominion Energy and Duke Energy, the developers behind the 600-mile Atlantic Coast Pipeline, announced on Sunday they are canceling the $8 billion project.

The natural gas pipeline was set to go from West Virginia through Virginia to North Carolina. The project was first announced in 2014, with the developers saying they wanted the pipeline operational by 2018, but it was delayed due to environmental groups filing several legal challenges over permits.

Supporters said the pipeline would create manufacturing and construction jobs, while environmentalists and land owners argued it would destroy Appalachian forests. In June, the Supreme Court ruled that the U.S. Forest Service did have the authority to give the developers a key permit, but in a statement on Sunday, Dominion Energy and Duke Energy said there is still an "unacceptable layer of uncertainty and anticipated delays," making the project "too uncertain to justify investing more shareholder capital." Catherine Garcia

President Trump has a penchant for tagging his political opponents with simple, but biting nicknames. The one he chose for his presumptive Democratic presidential challenger, former Vice President Joe Biden, doesn't seem to have landed like those in the past, however, Axios reports.

It's well-known Trump refers to Biden as "sleepy Joe," but so far, at least judging by Google search trends, voters apparently don't associate the moniker with Biden all that much. Trump dubbed his 2016 opponent, Hillary Clinton, as "crooked" Hillary, which prompted far more searches than "sleepy Joe." As analysts noted, there are likely several reasons for this. Regardless, it could be a small, but telling data point that shows Trump's patented insults may not have the same affect in 2020 now that the novelty has worn off.

Of course, it could just be that "sleepy" isn't particularly evocative, which is perhaps why the Trump campaign has recently starting trying out "corrupt Joe Biden." Read more at Axios. Tim O'Donnell

May and June unexpectedly produced strong jobs reports. The unemployment rate, while alarming, is much lower than it was in April after the first surge in coronavirus cases and appeared to skate around economists' most pessimistic projections. But Mark Zandi, the chief economist at Moody's Analytics, told CBS News' Margaret Brennan on Sunday that things are likely to take a turn for the worse.

Zandi said the return of millions of jobs over the last two months is at least in part the result of states reopening businesses too soon amid the pandemic. Now that infections are climbing in several states that mostly avoided the worst back in March and April, those places are "pulling back" their reopening efforts, which hasn't shown up in the data yet. "That's coming down the road," he said, predicting that June's progress is in the rearview mirror.

The most recent spike in states that play a driving role in the national economy, like Texas, California, and Florida, is "very disconcerting," Zandi said, adding that "the prospects of going back into a recession are pretty high." Tim O'Donnell