The interest payments of more than $330 billion a year are a fiscal calamity in the making.

While Mr. Pataki and the state's top two legislative leaders have spent the spring attacking each other on New York's fiscal calamity, its roots go back to mid-2000.

Reasons abound for the fiscal calamity.

As our financial system struggles and our housing markets contract, too many jobs have been lost and too many families are teetering on fiscal calamity.

It was November 1974, the mayor was Abraham D. Beame, and New York City was on the brink of its worst fiscal calamity.

Mayor David Dinkins yesterday did what he had to do to steer New York City out of fiscal calamity.

Some Republicans continued to express strong support for the president's push on Social Security, saying that Congress needed to move now to avoid a fiscal calamity later.

By every conceivable measure - Federal spending, budget deficits, economic assumptions - he has presided over fiscal calamity.

He called the amendment "an economic, fiscal and political calamity in the making."

One benefit will almost certainly be a higher rating of Conseco policies, indicating less risk of fiscal calamity and almost certainly raising sales of policies.