The federal government will hit the debt ceiling of eighteen point one trillion dollars in early November. If that limit is not extended, it means the federal government will quit paying bills and interest on bonds.
South Dakota Senator Mike Rounds says the republican spending plan passed out of committee calls for expanding the debt…
Rounds says he doesn’t think there will be a roadblock to extending the debt ceiling…
Rounds says he doesn’t know how quickly Congress will move on it…
There is some concern that the stalemate in the House over the election of a Speaker could delay consideration of the debt limit.
