Outlays accelerated while receipts fell in the first quarter of the new fiscal year, Treasury data shows The US federal budget deficit reached half a trillion dollars in the first three months of the new fiscal year as spending picked up while receipts shrank, the US Treasury revealed on Thursday.

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The “Guns 4 Ukraine” buyback program offers gift cards in exchange for firearms The city of Miami is offering gift cards to people who sell their personal firearms to be sent to Ukraine. Several such buyback events have already been held in the city throughout the summer, the latest of which was this past Saturday.