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CNN —Harvey Weinstein has been diagnosed with bone cancer, a source close to the incarcerated producer tells CNN. Weinstein’s specific diagnosis is chronic myeloid leukemia, a form of cancer of the bone marrow, the source says, adding that he is undergoing treatment at Rikers Island in New York. Weinstein’s longtime spokesperson, Juda Engelmayer, declined to comment on Weinstein’s diagnosis. Weinstein’s prison consultant and authorized legal health care representative in New York state, Craig Rothfeld, shot down speculation regarding Weinstein’s diagnosis. On Monday, Weinstein’s spokesperson, Engelmayer, declined to comment on whether his upcoming trial might be impacted by his cancer diagnosis.
Persons: CNN — Harvey Weinstein, Weinstein’s, Juda Engelmayer, Arthur Aidala, Craig Rothfeld, ” Rothfeld, Weinstein, Organizations: CNN, NBC News, Bellevue Hospital Locations: New York
A mid-October poll by The Associated Press measured which of the two candidates voters trust on a variety of economic issues. Harris’ campaign declined to say where she wants to set the federal minimum wage, which is currently $7.25 per hour. Former President Donald Trump answers questions as he works the drive-thru line at a McDonald's on Oct. 20 in Feasterville-Trevose, Pa. “Donald Trump is running on a middle-class tax hike, Kamala Harris is running on a middle-class tax cut,” Harris campaign spokesperson James Singer said. “Working families like rank-and-file Teamsters overwhelmingly support President Trump because only he will Make America Wealthy, Strong, and Great Again.”
Persons: Donald Trump’s, Kamala Harris, Harris, Trump, , Kent Smetters, Sen, Chris Caldwell, Harris ’, Smetters, , hasn’t, Joe Biden, Donald Trump, Win McNamee, “ Donald Trump, ” Harris, James Singer, , Anna Kelly Organizations: Biden, Tufts University, Trump, University of Pennsylvania’s Wharton School, Daily, Wharton, Democratic, The Associated Press, Voters, Bureau of Labor Statistics, Economic, Institute, Republican National, Teamsters, America Locations: Pennsylvania, McDonald’s, Las Vegas, U.S, Arizona, Feasterville, Pa, China, Communist
“Black maternal health and reproductive health has to be a conversation that I hear from any candidate for me to be on board to vote for them,” she said. Black women in the U.S. also face greater risks bearing children. “The landscape for reproductive health for Black women has gotten far more dangerous in the last two and a half years,” she said. When asked, the Harris campaign did not point to specific policies on Black maternal health. Desta-Bell said she’s found growing interest from voters about the state of Black maternal health and reproductive justice.
Persons: Francisca Shaw, , ” Shaw, Kamala Harris, Republican Donald Trump, Amber Thurman, Shaw, , . Georgia —, Leah Wright Rigueur, Regina Davis Moss, Harris, Joe Biden, ” Davis Moss, Harris ’, Nikema Williams, Hank Johnson, Sen, Jon Ossoff, Jacquelyn Martin, Biden, Keisha Lance Bottoms, Trump, Janiyah Thomas, Nadia Brown, Joyce Drayton, , Drayton, ProPublica, Candi Miller, Thurman, Naomi Desta, Bell, They’ve, she’s Organizations: Seattle’s University of Washington Medical Center, Reuters, University of Washington Medical Center, Democratic, Republican, Facebook, Supreme, Centers for Disease Control, Johns Hopkins University, Senate, Georgia Democratic Party, Georgia, Georgetown University, Georgia Black Republican Council, Republican Black, Women’s Health Locations: Georgia, U.S, Atlanta , Georgia, United States, . Georgia, Michigan, Atlanta, Florida, Desta
Vice President Kamala Harris is campaigning for president against Elon Musk at least as much as she is against former President Donald Trump, Mark Cuban said Monday, as he advocated for the Democratic nominee as the pro-business choice. "It's the Harris campaign versus Elon, not even versus Trump," the billionaire investor and former "Shark Tank" host said on CNBC's "Squawk Box." Cuban's remarks were the latest volley between the two billionaires, who have taken on increasingly prominent campaign roles while ramping up attacks against each other. Asked for his view on the latest polls, which broadly show a neck-and-neck race between Harris and Trump, Cuban said, "Nobody really knows, and so really it comes down to get out the vote." "And the crazy thing is, it's the Harris campaign versus Elon, not even versus Trump," said Cuban.
Persons: Kamala Harris, Elon Musk, Donald Trump, Mark Cuban, Harris, Cuban, Cuban's, Musk, Trump, wasn't, Donald Trump hasn't, Stephen Miller Organizations: Elon, Democratic, Trump, Tesla, SpaceX, PAC, GOP, Cuban, CNBC, America PAC, Cost Locations: Cuban, Pennsylvania, Taiwan
CNN —In the year and a half following the Supreme Court Dobbs decision that revoked the federal right to an abortion, hundreds more infants died than expected in the United States, new research shows. They found that infant mortality was higher than usual in the US in several months after the Dobbs decision and never dropped to rates that were lower than expected. In the months that infant mortality was higher than expected – October 2022, March 2023 and April 2023 – rates were about 7% higher than typical, leading to an average of 247 more infant deaths in each of those months. She was not involved in the new study, but does research abortion trends in the US. Abortion bans may affect access to and willingness to seek prenatal care and broader support systems, she said, and the barriers compound.
Persons: Dobbs, , Parvati Singh, Singh, Dr, Maria Gallo, ” Singh, Ushma, , ” Upadhyay, Sanjay Gupta, aren’t, Alison Gemmill, “ It’s Organizations: CNN, Ohio State University College of Public Health, University of California, CNN Health, , Johns Hopkins University Locations: United States, Texas, San Francisco
But it can be prevented with a vaccine: polio cases worldwide have been reduced by more than 99% since the 1980s thanks to immunization campaigns. A health worker administers a polio vaccine to a child in a downtown area of Lahore, Pakistan, on September 9, 2024. In September, armed militants killed a police officer protecting a polio vaccination site in the northwest city of Bannu, prompting protests. But in some cases, children have been incorrectly marked as having been vaccinated when they haven’t, Kakar said. The country is launching a new nationwide polio vaccination campaign on October 28 with the aim of inoculating 45 million children under age 5.
Persons: Ayesha Raza, Osama, Laden, Raza, , Aftab Kakar, , they’ve, Kakar Organizations: Pakistan CNN, Polio, Pakistani, World Health Organization, WHO, United, International, CNN, Emergency, Health Locations: Islamabad, Pakistan, Afghanistan, United Nations, Gaza, Pakistani, Abbottabad, Lahore, Balochistan, Khyber Pakhtunkhwa, Bannu, Bajaur
CNBC spoke to Foster about the economics of abortion access and the financial impacts of the end of Roe v. Wade. Diana Greene Foster: One good thing about The Turnaway Study is that our demographics closely resemble national demographics on who gets abortions. [They're also] more likely to have evictions, have a larger amount of debt if they're denied an abortion. The number of public records, such as bankruptcies, evictions and court judgements, significantly increased for those denied abortions, by 81%. So, it isn't the case that everyone who wants an abortion is now carrying a pregnancy to term.
Persons: Gina Ferazzi, Foster, Roe, Wade, Greg Iacurci, Diana Greene Foster, It's, That's, hasn't, couldn't, They're, they're, I'm Organizations: Los Angeles Times, Getty, Pew Research Center, CNBC Locations: Arizona, Phoenix , Arizona, U.S
Harris looks to ‘paint a picture’ for undecided votersSuburban moderates are far from the only group Harris’ campaign is targeting in the race’s closing days. As the Harris campaign tries to make inroads with men, podcasts like Joe Rogan’s are still under consideration, a source familiar with the matter said. “No matter your party, no matter who you voted for last time, there is a place for you in this campaign,” Harris said last week. She appealed to moderate voters and women in their 2024 primary — including many of the same voters Harris’ campaign is targeting in the race’s late stages. Trump’s campaign has been touting Haley’s endorsement in battleground states.
Persons: Kamala Harris, Liz Cheney, Harris, Donald Trump, , Nikki Haley, Trump, Haley, , Adam Kinzinger, “ It’s, Cheney, Sarah Longwell, Charlie Sykes, Ohio Sen, JD Vance, ” Vance, Joe Rogan’s, “ We’re, ” Harris, David Plouffe, Donald Trump —, Joe Biden’s, Trump’s, Biden, ” Trump, , ” “, ” Haley, he’d, Alabama Sen, Katie Britt, Roe, Progressives shrug, Harris ’, Dick Cheney’s, , Vermont Sen, Bernie Sanders, Leah Greenberg, Kamala, ” Greenberg, ” CNN’s Daniel Strauss, Priscilla Alvarez, Gregory Krieg, Kristen Holmes, Alayna Treene, Steve Contorno, Kit Maher Organizations: CNN, Republicans, Wyoming, South Carolina Gov, Illinois Rep, Republican, Trump, Democratic, White House, Suburban, Black, , Republican National Convention, Fox News, Alabama, Progressives, Union, House Locations: Michigan , Pennsylvania, Wisconsin, Pennsylvania, Chester County , Pennsylvania, Oakland County , Michigan, Waukesha County , Wisconsin, Wyoming, , Georgia, Puerto Rican, Arizona, Nevada, Washington Crossing , Pennsylvania, Bucks County, Philadelphia, Milwaukee, Green Bay , Wisconsin, America, Iraq, Vermont, “ State
"It's very time-consuming, very frustrating for these clinicians," Dr. Taha Kass-Hout , GE HealthCare's global chief science and technology officer, told CNBC in an interview. GE HealthCare on Monday announced a new artificial intelligence application it said will save time for doctors who diagnose and treat cancer. Since the tool is cloud-based, it will drive recurring revenue for GE HealthCare, Kass-Hout said. GE HealthCare is also hoping to integrate its CareIntellect products with some of the other early stage AI initiatives it teased on Monday. For instance, GE HealthCare is exploring how a group of AI agents can work together as a team to support doctors through its tool called Health Companion.
Persons: Kass, Hout, Dr, Taha Kass, oncologists, Chelsea Vane, Vane, it's Organizations: GE Healthcare, Fair for Trade, Services, China National Convention Center, Oncology, GE, CNBC, Health, Deloitte, GE HealthCare, Tampa General Hospital, Kass Locations: China, Beijing, Tampa
The reality of breast cancer in men
  + stars: | 2024-10-20 | by ( Dr. Jamin Brahmbhatt | ) edition.cnn.com   time to read: +7 min
Why men don’t think about breast cancerWhen people think of breast cancer, most think of “pink” and breast cancer in women. Men make up about 1% of all breast cancer cases, which means 1 in 726 men will be diagnosed in their lifetimes. The diagnosis is rare in men, but that is still a lot of men getting breast cancer. The role of genetics in male breast cancerMutations in the BRCA1 and BRCA2 genes, which are more commonly associated with female breast and ovarian cancer, can increase a man’s risk for breast cancer. By raising awareness during Breast Cancer Awareness Month, breaking down stigmas and encouraging men to talk to their doctors, we can help catch cancer early and help men live longer.
Persons: Jamin, don’t, It’s, Olga Shefer, it’s, There’s Organizations: Orlando Health, Florida Urological Society, CNN, Cancer Locations: Florida
Based on previously published work, we hypothesized that Black patients would receive less multimodal analgesia than White patients, and we found that as well,” Faraday said. Having data on each patient’s self-reported level of pain – and whether there was any difference in the amount of pain among Black and White patients – would have added to the findings, Carrillo said. The researchers also found that, among those with the highest pain scores recorded, Black patients were significantly less likely to receive painkillers than White patients. Research published in 2007 in the Journal of the National Medical Association found that physicians are twice as likely to underestimate pain in Black patients compared with all other ethnicities combined. However, the data showed that White patients were twice as likely to be airlifted compared with Black patients and almost two times more likely compared with Hispanics and other races.
Persons: Nauder Faraday, ” Faraday, , Black, Faraday, , Eli Carrillo, Carrillo, ” Carrillo, Brown, there’s, ” Dr, Dionne Ibekie, ” Ibekie, Dr, Sanjay Gupta, American Society of Anesthesiologists, White Organizations: CNN, American Society of Anesthesiologists, Johns Hopkins University School of Medicine, Johns Hopkins Hospital, Johns Hopkins University, Stanford Medicine, , Stanford, JAMA, National Medical Association, National Academy of Science, Health, CNN Health, American Society of, Nationwide Children’s Hospital, Montefiore Medical Locations: Philadelphia, Illinois, White, Ohio, New York
In the House, two Republican congressmen are aiming to fend off a pair of Democratic former state legislators. Seven-term GOP Rep. David Schweikert is seeking to hang on against Amish Shah, a doctor, in the blue-trending Phoenix suburbs after winning by less than 1 point in 2022. And in the Tucson area, freshman Republican Rep. Juan Ciscomani is facing a rematch against Kirsten Engel after previously winning by under 2 points. Arizona’s two highly competitive House racesBoth of these House races are rated as “toss-ups” by the nonpartisan Cook Political Report With Amy Walter. “All four have distinct personalities,” said a Democratic operative working on House races, who spoke candidly on the condition of anonymity.
Persons: Mesa Mayor John Giles, Kamala Harris, Kari Lake, Donald Trump acolyte, Ruben Gallego, , Donald Trump, ” Giles, hasn’t, David Schweikert, Shah, Juan Ciscomani, Kirsten Engel, Amy Walter, , Lake, “ Arizonans, Ciscomani, Blake Masters, Gallego, ” “, Trump, Lake’s, Don, Bacon, Dan Conston, Harris, Sen, John McCain, “ I’ve, I’m, ” Roberta Voss, Eli Crane, Crane, Jonathan Nez, Kevin McCarthy midsession, McCarthy, Marson Organizations: Mesa Mayor, Republican, Democratic, Senate, GOP, Trump, Nebraska Rep, Congressional, Fund, NBC News, Social Security, Navajo Nation, ” Arizona Republican, American Locations: Arizona, Phoenix, Tucson, Omaha, Navajo, ” Arizona
Several companies due to report next week could get a boost after their earnings results. To separate the wheat from the chaff, CNBC Pro screened FactSet for companies reporting in the coming days that are liked by analysts and also have strong earnings momentum. One bullish analyst is Morgan Stanley's Erik Woodring, who reiterated an overweight rating and $133 price target on Seagate in an Oct. 15 note to clients. Health care stocks Universal Health Services and HCA Healthcare have also seen improved sentiment, as measured by earnings estimates since the Spring. The investment bank maintained its buy rating while increasing its price target on HCA by $75 to $450, implying 8% potential upside from Friday's close.
Persons: Morgan Stanley's Erik Woodring, Woodring, TD Cowen Organizations: CNBC Pro, Seagate Technology, Seagate, Universal Health Services, HCA Healthcare, Analysts, Healthcare, HCA
In three U.S. states, you'd need to spend six figures a year to live comfortably in retirement — far more than in most others, according to a recent GOBankingRates analysis. In contrast, retirees in West Virginia need just $58,190 a year — the lowest of any state. Over a 30-year retirement, the difference in savings needed between Hawaii and West Virginia would be over $1.25 million. A 20% cash buffer was added to this total to ensure retirees could live "comfortably," according to the study. Here's a breakdown of the three states where living comfortably will cost more than six figures, per GOBankingRates' calculations:
Organizations: of Labor Statistics Locations: Hawaii , California, Massachusetts, Hawaii, West Virginia
In August, LGBTQ rights were unmentioned in GOP broadcast TV ads; in September, they accounted for just 7.5%, or about $7 million in total broadcast spending. Crime ranked second, drawing about 55% of Republican broadcast ad dollars. In September, both issues still ranked among the top five, with crime the leading issue, though ad spending on immigration was down to 35%, and crime to 44%. Pro-Harris campaign adsHarris and her allies have also made some strategic adjustments to the content of their broadcast TV advertising. In August, taxation ranked as the fifth issue for Democrats in their broadcast TV advertising, accounting for about a quarter of presidential spending.
Persons: Donald Trump, Kamala Harris, Harris, , , Trump Organizations: CNN, Trump, Republican, GOP, Democratic, Biden
He said a Harris administration "will build on existing programs, increasing federal spending to make health care more affordable for people." Still, Socal said a Trump administration wouldn't have much flexibility to dismantle or scale back the law without change from Congress. The IRA extended enhanced subsidies that made ACA health plans more affordable for millions of households through 2025 — a provision Harris plans to make permanent if elected, her campaign said. A Democratic House or Senate would likely block any of Trump's sweeping changes to Medicaid, according to Altman. Vance this month also said a future Trump administration would defund Planned Parenthood.
Persons: Donald Trump, Kamala Harris, Trump, Drew Altman, Harris, KFF, Anna Moneymaker, Biden, Joe Biden's, Mariana Socal, Socal, didn't, Stephen Patrick, KFF's Altman, Nathan Posner, Altman, Bill Clark, Roe, Wade, Joe Raedle, Stacey Lee, Johns, Lee, mifepristone, Sen, JD Vance, Trump's, Vance, Nicholas Kamm Organizations: Democratic, U.S, U.S . Naval, Getty, Reuters, CNBC, Congress, The Commonwealth Fund, RAND, U.S . Department of Health, Human Services, Washington , D.C, Republicans, Johns Hopkins Bloomberg School of Public Health, Trump, wouldn't, Biden, Medicare, Emory University, Lawmakers, Affordable, ACA, Medicaid, Democrats, White, Anadolu, Social Security, Capitol, CQ, Inc, The New York Times, Siena College, PBS, Prime, Convention, Johns Hopkins Carey Business School, Republican Party, U.S . Senate, Food and Drug Administration, FDA, CNN, Afp Locations: Israel, Washington, U.S, Washington ,, Canada, Jacksonville , Florida, Ohio
GRAND RAPIDS, Mich. — Vice President Kamala Harris on Friday continued to steer clear of criticizing President Joe Biden, arguing that vice presidents not denigrating the commander-in-chief is an American tradition. "To be very candid with you, even including Mike Pence, vice presidents are not critical of their presidents. Harris dismissed her critics, including Trump, claiming that "joy" has disappeared from her campaign. NBC News has reached out to the Trump campaign for comment. Both Harris and Trump have been doing targeted media interviews in the final weeks of the campaign.
Persons: Kamala Harris, Joe Biden, Harris, Biden, Mike Pence, Donald Trump, Trump, It’s, Christine Romans, , she’s, Howard Stern’s, ” Harris, , Peter Alexander, Rebecca Shabad Organizations: NBC News, Republican, Medicare, Trump, NBC, Fox News, Boys, Univision, Bloomberg News, NBC News ’, Business, CNBC, CBS Locations: GRAND RAPIDS, Mich, American, Grand, Grand Rapids, Washington
CVS replaces CEO as profits, share price suffer
  + stars: | 2024-10-18 | by ( Jacob Pramuk | Sara Salinas | ) www.nbcnews.com   time to read: +2 min
Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday. CVS has faced challenges as higher medical costs weigh on its insurance unit, Aetna, and consumer spending drops at its retail pharmacies. It anticipates higher medical costs than previously expected, with a so-called medical benefit ratio of 95.2% in the quarter. CNBC reported last month that CVS’ board had engaged strategic advisors to weigh its options, including the potential of a breakup of its insurance and retail businesses. Lynch also stepped down from the company’s board of directors this week, the company said Friday.
Persons: David Joyner, Karen Lynch, CVS, ” CVS, Joyner, Lynch, , David, Roger Farah, Farah Organizations: CVS, Aetna, Glenview Capital, CNBC, CVS Health
The Democratic National Committee is using the last stretch of Taylor Swift’s Eras Tour to urge young people to vote for Vice President Kamala Harris. In conjunction with her shows, the DNC announced that it is launching a Taylor Swift-themed “I Will Vote” campaign across Florida and other battleground states. Ads for the “I Will Vote” campaign will begin appearing across Miami on billboards, including a mobile billboard on a boat near Hard Rock Stadium. The advertisements will encourage young voters to embrace their “Kamala era,” the DNC said in its announcement. Before Swift backed the Democratic ticket, many of her fans had already formed the group Swifties for Kamala — which is unaffiliated with Swift, the DNC or the Harris campaign — to raise money for Harris.
Persons: Kamala Harris, Swift, Harris, Taylor Swift, Trump, Gen, Kirby Lee, Rosemary Boeglin, “ We’re, Harris ’, Donald Trump’s, Boeglin, Kamala, , Vote.org, Swift’s, Kamala —, Organizations: Democratic National, Democratic, DNC, NBC News, AP, Swift Locations: Miami Gardens , Florida, Florida, Miami Gardens, Fla, Miami, Instagram
In 2017, Hurricane Maria damaged three IV fluid manufacturing plants in Puerto Rico, also operated by Baxter, which led to a shortage. “Although this particular shortage on these particular IV fluids is not something we’ve encountered,” DeRienzo said. Along with IV fluids, the North Carolina Baxter facility also made specialty fluids, such as peritoneal dialysis fluid as well as irrigation fluids, used to clean wounds. Ganio said those measures won’t solve the ongoing IV fluid shortage problems long term. “The IV fluids are kind of a good example of the chronic shortages,” he said.
Persons: Helene, Erin Fox, ” Fox, Fox, , ” Michael Ganio, ” Ganio, , hasn’t, Baxter, Chris DeRienzo, Hurricane Maria, we’ve, ” DeRienzo, Ganio Organizations: Food, Baxter, FDA, University of Utah Health, American Society of Health, System, Braun, ICU, American Hospital Association, Carolina Baxter, of Health, Human Services, HHS Locations: North Carolina, U.S, Saline, Puerto Rico, Carolina, Canada, China, Ireland
GREEN BAY, Wis. — Vice President Kamala Harris slammed former President Donald Trump on Thursday night, chiding him for calling himself “the father of IVF.”“He refuses continuously to acknowledge the harm he has caused. The crowd heckled and howled at each of the segments, which ended with a Fox News town hall in which Trump took questions from women. "It does get more unbelievable,” one could be heard saying. She did not want to give her name, she said, because she lives in a “divided family” — her husband supports Trump. In the final stretch of the race, survey after survey has shown Harris and Trump neck and neck.
Persons: Kamala Harris, Donald Trump, chiding, , ” Harris, Trump, Wade, incredulously, Harris ’, , Harris, Rallygoer Linda Patzke, Mark Cuban, ’ ” Harris, We’re Organizations: Fox News, , Trump, Marquette Law, Milwaukee, U.S . Capitol, Medicaid Locations: GREEN, Wis, Roe, Pittsfield , Wisconsin, Wisconsin, Green
"As evidenced by XLV [Health Care Select Sector SPDR Fund], price is back through the 50 day [moving average] on this relief rally," he said. "Not yet overbought, it looks to us like the early innings of a reacceleration back towards the highs. XLV YTD mountain Health Care Select Sector SPDR Fund year to date On top of that rally is the added benefit of dividend payouts on many health care stocks. At least 51% of the Wall Street analysts who cover each stock rates it a buy, according to FactSet data. CI YTD mountain Cigna year to date Cigna beat earnings and revenue estimates in its second quarter when it reported results in August.
Persons: Rob Ginsberg, Abbott, Robert Ford, Dickinson, Cigna, Lina Khan, Merck Organizations: Wolfe Research, SPDR, CNBC Pro, Wall Street, nab, Abbott Laboratories, Company, Cigna's, Federal Trade Commission, CVS Health, UnitedHealth, Merck, Co Locations: . Connecticut
Procter & Gamble on Friday reported weaker-than-expected revenue as lower demand in China again weighed on its sales. The company reported flat volume for the quarter. The metric excludes pricing, which makes it a more accurate reflection of demand than sales. The company called out volume declines in China for both its hair care and oral care segments. Both P&G's health care and baby, feminine and family care divisions both reported 1% declines in volume for the quarter.
Persons: Gamble, Andre Schulten, Schulten Organizations: Procter, LSEG, SK, Gillette, Venus Locations: China, U.S, Greater China
Dallas AP —Texas has sued a Dallas doctor over accusations of providing gender-affirming care to youths, marking one of the first times a state has sought to enforce recent bans driven by Republicans. The Texas law prevents transgender people under 18 from accessing hormone therapies, puberty blockers and transition surgeries, though surgical procedures are rarely performed on children. Children’s Health said in a statement that it “follows and adheres to all state health care laws.”At least 26 states have adopted laws restricting or banning gender-affirming medical care for transgender minors, and most of those states face lawsuits. The lawsuit comes just weeks before an election in which Republicans have used support of gender-affirming health care as a way to attack their opponents. Greg Abbott, who was the first governor to order the investigation of families of transgender minors who receive gender-affirming care.
Persons: Ken Paxton, May Lau, Harper Seldin, , Seldin, ” Seldin, Lau, ” Paxton, Republican Sen, Ted Cruz, Colin Allred, Greg Abbott Organizations: Dallas AP, Texas, Republicans, Republican Texas, HIV, UT Southwestern Medical Center, UT Southwestern, Children’s Health, Republican, Democratic, Republican Gov Locations: Dallas, Texas, Collin County, The Texas, Arkansas, Florida, Montana . New Hampshire
The Biden administration rang up a budget deficit topping $1.8 trillion in fiscal 2024, up more than 8% from the previous year and the third highest on record, the Treasury Department said Friday. Even with a modest surplus in September, the shortfall totaled $1.833 trillion, $138 billion higher than a year ago. The deficit came despite record receipts of $4.9 trillion, which fell well short of outlays of $6.75 trillion. Government debt has swelled to $35.7 trillion, an increase of $2.3 trillion from the end of fiscal 2023. Interest expense for the year totaled $1.16 trillion, the first time that figure has topped the trillion-dollar level.
Organizations: Biden, Treasury Department, Social Security, Treasury, Congressional, Office
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