AnewZ Morning Brief - 1 September, 2025
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 1st of September, covering the latest developments you need to...
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.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
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.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 1st of September, covering the latest developments you need to know.
Russian President Vladimir Putin said on Monday that NATO’s eastward expansion must be addressed to achieve lasting peace in Ukraine, praising efforts by China and India while highlighting progress from his recent talks with U.S. President Donald Trump.
Falling debris from a destroyed Ukrainian drone sparked a fire at a power substation in Kropotkin, Russia, which was quickly extinguished, authorities said.
Catastrophic flooding in Pakistan has affected 1.5 million people, with more than 850 deaths reported this monsoon season, as swollen rivers devastate villages and force mass displacement.
On 1 September, in Tianjin, China, a meeting took place between the President of the Republic of Azerbaijan, Ilham Aliyev, and the President of the Republic of Türkiye, Recep Tayyip Erdoğan, the press service of the Azerbaijani President reported.
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