Thursday, March 19, 2009
The American Red Cross says it's on track to erase a $210 million deficit and balance its budget by next year.
Red Cross President and chief executive Gail McGovern said during a stop in Denver on Wednesday that the charity has raised more than $85 million of a $100 million fund drive launched in September.
The Red Cross also received an infusion of $100 million in federal disaster assistance.
McGovern says the deficit will be whittled down to $135 million this year.
The Red Cross dealt with six named storms that battered the U.S. coast last year.