Congress Nearing Federal Credit Limit

Congress Nearing Federal Credit Limit

PIERRE — A number of republicans in the US House want to use the impending federal debt ceiling as leverage for budget cuts. South Dakota Senator Mike Rounds says using the debt ceiling will get some attention…

Rounds says they need to have continuing budget talks….

Rounds says he doesn’t want to put the credit of the country on the line…

The US Treasury says the federal government will hit the credit limit of over thirty-one trillion dollars very soon.