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Investors facing a gap have choices.
"Albany is facing a gap of some $6 billion next year," said Mr. Turetsky, of the budget office.
During his somewhat languorous campaign for re-election, Governor Pataki artfully avoided as much detail as possible about how he would mend a budget that is facing a gap as big as $10 billion next year.
Facing a gap of £86.5m, it was able to make changes including closing the final salary section to new entrants; increasing staff contribution rates; retirement age; and sharing the cost of future life expectancy increases with pension scheme members, all while meeting its obligations to its pension trust.
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(John McCain, by comparison, faced a gap of about five points in 2008).
Mayor Bloomberg estimates that the city faces a gap of nearly $5 billion for the fiscal year beginning July 1.
"Likewise, New York City faces a gap of more than $3 billion for the upcoming fiscal year.
Even Texas, which had been weathering the downturn, faces a gap that lawmakers say could top $21 billion over the next two years.
The poorest students will face a gap of £384 in 2010 between tuition fees of £3,290 and the full loan.
At a minimum, employers should keep currently enrolled young adults on their parents' policies so that they do not face a gap in coverage before they can reapply.
"We knew we faced a gap," said a senior official, who spoke on the condition of anonymity because of the volatility of the situation.
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CEO of Professional Science Editing for Scientists @ prosciediting.com