July 15, 2003

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 deficit, receipts, outlays, and budget authority for fiscal years 2003 through 2008. This Mid-Session review also provides an update on executive branch progress in implementing the President’s Management Agenda.

Sincerely, Joshua B. Bolten Director