Out Of Money?

WASHINGTON (AP) - The American Red Cross is borrowing money to
cover its costs from Hurricane Gustav and will probably go deeper
into debt as it prepares for three additional storms threatening
the United States.
Red Cross vice president Joseph Becker said the agency could
spend more than $70 million feeding and sheltering victims of
Gustav. It has raised only $5 million so far, and donations are
trickling in slowly as the public seems to think there wasn't much
damage, Becker said at a news conference Thursday on storm
preparations.
Becker pleaded for donations, saying Gustav wasn't as big as it
could have been but still inflicted major damage along the Gulf
Coast.
The agency also borrowed money earlier this year as it spent
some $30 million responding to the massive floods in the Midwest.

(Copyright 2008 by The Associated Press. All Rights Reserved.)