    [Weekly Compilation of Presidential Documents Volume 29, Number 3 (Monday, January 25, 1993)]
    [Page 83]
    [Online from the Government Publishing Office, www.gpo.gov]

    <R04>
    Message to the Congress on Adjustment of the National Deficit

     January 21, 1993

    To the Congress of the United States:

        Pursuant to section 254(c) of the Balanced Budget and Emergency
    Deficit Control Act of 1985, as amended (``Act'') (2 U.S.C. 904(c)),
    notification is hereby provided of my decision that the adjustment of
    the maximum deficit amount, as allowed under section 253(g)(1)(B) of the
    Act (2 U.S.C. 903(g)(1)(B)), shall be made.
                                                William J. Clinton
    The White House,
    January 21, 1993.

    Note: The White House released the following statement by the Director
    of Communications George Stephanopoulos on adjustment of the national
    deficit:

      As provided by the law, the President has today notified the
    congressional leadership of technical adjustments to be made in
    calculating the national deficit.

      This procedure, which occurred automatically under the previous
    administration for 3 fiscal years, prevents across-the-board budget
    reductions in accounts such as national defense that could equal 11
    percent in the beginning of the next fiscal year.

      A failure to make this adjustment would also undermine the credibility
    of economic and budget estimates.

      President Clinton will soon put before the Congress a real economic
    program aimed at reducing the deficit and providing long-term economic
    growth.