Red Cross on Track to Erase Deficit by Next Year

DENVER, March 19, 2009, The Associated Press — 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 CEO Gail McGovern said during a stop in Denver on Wednesday that despite difficult economic times, the charity has passed the $85 million mark in a $100 million fund drive launched in September.