19th March 17:10
The year-to-date Bush budget deficit reaches $324 billion.
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
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
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 19 Aug 2003 at 10:43:16 PM GMT is:
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!