harry hope

U.S. Budget Gap Rises Above $300 Billion

WASHINGTON (Reuters) -

With the end of the fiscal year nearing, the U.S. government's budget
gap crept into record territory in July, surpassing $300 billion, the
Treasury Department said on Tuesday.

The year-to-date deficit, still with August and September to go in the
budget year, rose to $323.98 billion, Treasury said in its monthly
budget statement.

July's deficit, at $54.24 billion, was close to expectations and wider
than in July 2002, when it was $29.16 billion.

The 1992 budget year holds the record for the largest annual
shortfall, at $290 billion.

The 2003 is gap is expected to easily surpass that by coming in above
$400 billion.

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U.S. NATIONAL DEBT CLOCK

The Outstanding Public Debt as of 19 Aug 2003 at 10:43:16 PM GMT is:

$6,777,959,841,118.51

The estimated population of the United States is 291,790,296
so each citizen's share of this debt is $23,228.87.

The National Debt has continued to increase an average of
$1.70 billion per day since September 30, 2002!


Harry