Federal Deficit Surpasses $200 Billion for First Seven Months (AP): “The government ran up a deficit of $201.6 billion in the first seven months of the 2003 budget year, more than three times the total for the corresponding period a year earlier... Federal spending for the seven months totaled $1.26 trillion, a 6.5 percent increase from the corresponding period in fiscal 2002. The biggest spending categories so far this budget year are: Social Security, $291.7 billion; programs of the Health and Human Services Department, including Medicare and Medicaid, $290.8 billion; military, $216.5 billion; and interest on the public debt, $174.7 billion.”
Bush’s Deficit
