Thune Says US Spending As Much In One Days As South Dakota Does All Year

Thune Says US Spending As Much In One Days As South Dakota Does All Year

PIERRE — The clock continues to tick down to a doomsday deadline for the nation’s borrowing limit. South Dakota Senator John Thune says President Joe Biden needs Congress in his corner to increase the debt limit…

Thune says the federal budget under Biden over the next decade could grow to 10-trillion dollars or a 125-percent increase from the 2019 budget…

Thune says interest payments alone would be more than some programs…

The United States could default on it’s debts without an increase of the debt ceiling as soon as June 1st.