Russia resumes domestic flights to southern city of Krasnodar
Russia resumed regular domestic passenger flights to the southern city of Krasnodar on Wednesday, fully reopening a key regional airport that was clos...
The U.S. budget deficit reached $307 billion during President Donald Trump’s first full month in office, marking a 4% increase—an additional $11 billion—over the same period last year, according to the Treasury Department.
Record receipts bolstered the figures in February, with federal income totaling $296 billion—a 9% rise or an extra $25 billion compared with the previous year. However, government spending surged even more, with outlays reaching a record $603 billion in February, up 6% or $36 billion year over year.
After calendar adjustments for both receipts and expenditures, the adjusted deficit would have stood at $311 billion, representing a 3% increase over February 2024.
For the first five months of fiscal 2025, the overall deficit ballooned to $1.147 trillion, up 38%—or $318 billion—from a year earlier. Fiscal year-to-date receipts increased by 2%, or $37 billion, to a record $1.893 trillion, while outlays climbed 13%, or $355 billion, to a record $3.039 trillion.
Driving the spending growth were higher costs associated with Treasury’s interest on the public debt, increased outlays for Child Tax Credit payments, and elevated Social Security payments—partly due to a 2.5% cost-of-living adjustment for 2025.
The steep rise in both spending and the overall deficit highlights the fiscal challenges facing the administration as it navigates a period marked by record revenues alongside rapidly escalating expenditures.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Russia resumed regular domestic passenger flights to the southern city of Krasnodar on Wednesday, fully reopening a key regional airport that was closed for more than three years due to security concerns linked to the war in Ukraine.
Iran’s Foreign Minister Abbas Araghchi held a joint telephone conversation with his counterparts from France, Germany and the UK as well as the EU foreign policy chief as Iran and Europe are at loggerheads over the future of sanctions against Tehran’s nuclear program.
Yulia Navalnaya, the wife of late Russian opposition leader Alexei Navalny, has revealed that her husband has been poisoned.
On Wednesday, the European Commission proposed suspending free-trade arrangements on Israeli goods due to the ongoing Gaza conflict. This move is part of the EU's efforts to address the war's humanitarian and political impacts, but it lacks sufficient support from EU member states to pass.
Germany’s parliament has refused security clearances for at least four employees of the far-right Alternative for Germany (AfD) party, citing concerns they could engage in anti-constitutional activities.
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