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United States: Netanyahu leaves the White House after he meets with Trump without making any statement.
Sources from Mehr News Agency: The Americans have requested, through intermediaries from various countries, the continuation of negotiations with Iran
Mehr News Agency, citing sources: The Iranian Foreign Ministry is considering a US request to continue negotiations after they failed to halt Iran's nuclear capabilities
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Hamas: 640 days into the aggression, the occupation has utterly failed to break Gaza’s will or subdue its resistance
Iranian FM spokesperson denies Trump’s claims about Iran requesting a meeting with the US: We have made no such request to the American side
OHCHR: We have concerns that Nasser's arrest is part of efforts to eliminate legitimate forms of Palestinian expression
Al Mayadeen's correspondent: Six killed or injured in Israeli drone strike on displaced persons’ tents in Sanabel camp, al-Mawasi, west of Khan Younis

US Budget deficit down to $426 bln

  • By Al Mayadeen English
  • Source: Agencies
  • 11 Jun 2022
1 Min Read

The Treasury's monthly budget breakdown was released on Friday, showing a stark decrease.

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  • US Budget deficit down to $426 bln

The US government's budget deficit shrank to $66 billion in May, reaching $426 billion as additional pandemic-related aid programs expired, according to the Treasury's monthly budget breakdown released on Friday.

Total collections for last month were $3.375 trillion, while outlays were $3.8 billion, resulting in a rounded-up deficit of $426 billion for the government in the eight months from the start of the fiscal year 2022, according to the breakdown.

At this time last year, the deficit was $2.1 trillion.

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The Biden administration has committed to keeping the 2022 deficit under $1 trillion and has thus far met that goal.

According to the budget breakdown, expenditure in May fell by 24 percent, owing mostly to the expiration of government stimulus grants to firms and people granted by Congress as relief for the coronavirus pandemic, which began in 2020.

Both the Biden administration and the prior Trump administration provided hundreds of billions of dollars in pandemic assistance.

  • United States
  • us budget
  • US Treasury
  • Pandemic

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