“Earlier on Wednesday, the Treasury said in its August budget statement that the year-to-date deficit was a record $400.46 billion dollars. With less than a month left in the fiscal year, the fiscal 2003 deficit will likely handily outstrip the previous record of $290 billion seen in 1992.”
“Likely.” The deficit is ALREADY over $400 billion. Yes, it is likely that the deficit will break the previous record of $290 billion.
Do we have the reporters we deserve?