US federal government received nearly $4 trillion in record tax income this fiscal year

The US federal government collected a record $3,835,390,000,000 in total taxes in the first nine months of this fiscal year, the new Monthly Treasury Statement of Receipts and Outlays of the United States Government (MTS) reports. The Fiscal Year-to-Date (FYTD) budget deficit through June was $515 billion, a $1.723 trillion (-77%) decrease from the same period last year.

G20 Finance Summit ends without joint communique

The G20 Finance Summit in Indonesia ended yesterday without a final joint communique, as intense divisions over Russia’s invasion of Ukraine prevailed among leaders of the world’s twenty richest countries, the Associated Press (AP) reports. Aside from the Russian invasion issue, the finance ministers in attendance at the summit did agree on the need to address global challenges such as decades-long high inflation and food insecurity.

Hungary Hit By Worst Social Unrest Since Elections (Worthy News In-Depth)

Tense protests continued in Hungary’s capital till the early hours of Thursday after the government announced “an energy emergency” and effectively raised taxes for hundreds of thousands of small entrepreneurs as the nation’s currency plunged to record lows while inflation reached the highest levels in decades.

18 Priests Kidnapped, 3 Killed In Nigeria

At least 18 priests have been kidnapped, and several were killed in Nigeria this year, prompting church leaders to call for prayers, a Catholic charity said Tuesday.

Several Killed In Shooting At Copenhagen Mall

At least three people have been killed and several critically injured in a shooting at Denmark’s largest shopping mall in the capital Copenhagen, police confirmed Monday.

U.S. to boost military presence in Europe for Russia threat

President Joe Biden said Wednesday that the U.S. will significantly increase its military presence in Europe for the long haul, including by establishing its first permanent presence in Poland, to bolster regional security after Russia’s invasion of Ukraine.

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