July 15, 2002

The Honorable J. Dennis Hastert
Speaker of the House
  of Representatives
Washington, DC 20515

Dear Mr. Speaker:

      Section 1106 of Title 31, United States Code, requires that the President transmit to the Congress a supplemental update of the Budget that was transmitted to the Congress earlier in the year. This supplemental update of the Budget, commonly known as the Mid-Session Review, contains revised estimates of the budget surplus, receipts, outlays, and budget authority for fiscal years 2002 through 2007 and other summary information required by statute. For the first time, the Mid-Session Review addresses the vitally important topic of federal management, and provides detailed updates on executive branch progress on the President’s Management Agenda.

Sincerely, Mitchell E. Daniels, Jr. Director