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The Chronicle Telegram in Elyria, Ohio

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Mar 21, 2003

Page

25

Federal deficits hit record pace in early 2003

Treasury data show a deficit of 183.9 billion dollars in Oct Feb, tripling year earlier levels. February alone registered 96.2 billion, the largest on record, as revenues fell 8.2 percent to 704.8 billion and spending rose 7.6 percent to 998.7 billion.

Washington Treasury Department Bush

HealthSouth chief executive charged with fraud

HealthSouth chairman and CEO Richard Scrushy was placed on leave as prosecutors accuse him and the firm of inflating profits by at least 14 billion dollars. The SEC alleges fake earnings since 1986 and the company halted trading for two days. CFO Weston Smith is set to plead guilty on securities fraud and related charges.

Birmingham Ala HealthSouth Corp Richard Scrushy William T. Owens Joel C. Gordon Scrushy Robert F May Serushy SEC HealthSouth Justice Department Weston Smith

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