 The President of the United States. We got the big one. Ladies and gentlemen, back in the beginning of our administration, I talked a great deal about eliminating waste in government. And right now, I would like to introduce to you our administrator for the Agency for International Development, AID, who has a statement to make and a presentation to make. Peter McPherson. Thank you, Mr. He said the title and not the name. I'm sorry. Thank you, Mr. President. It's certainly very nice to be here. In keeping with your commitment to the American people to reduce waste and inefficiency, I'm happy to announce today our initial results at the Agency for International Development. These results will save millions of dollars for the American taxpayer. We've identified 28 million dollars that we do not need to spend. These cuts come from projects from around the world. Some are for money which is being returned because local conditions have changed, some because of management problems, and some because of insufficient local government support. Returning this money demonstrates that we will not hesitate to make changes in AID programs whenever they fall short of our expectations. Our reviews are not yet finished, but already we know there will be millions of dollars additionally that we will return to the Treasury. This effort is strongly supported by Secretary Hague as evidenced by his presence here today. We hope to better serve you, Mr. President, and the American public by this effort. Mr. President, I'd like to present to you our check for 28 million dollars to be returned to the U.S. Treasury. Peter McPherson, I'm very proud to accept this, and I think that anyone who's familiar with the Washington scene, as so many of you are, knows that it is far more normal at this stage of the fiscal year, only a couple of months to go, that anyone that finds 28 million dollars unspent in their department says to everyone, rush out and buy new furniture or do something, we must spend this money before the end of the fiscal year. Well, 28 million dollars, I can't wait to hand this to Don Regan, Secretary of the Treasury. Mr. McPherson, thank you very much. Thank you, sir. Yes, we leave and we'll find any questions for you. Okay, thank you, sir. You either have or you will receive inside. I'd like to just proceed with a question.