Congress has until mid October to raise the federal borrowing limit, or the US will risk defaulting on its debt.

South Dakota Senator Mike Rounds says while there may be some grandstanding, they have to raise the limit…..

Rounds says while the debt is long term, the short term budget deficit also continues to grow….

Rounds says some of the newer Senators have been talking about a new approach to budgets and debt…..SD

The federal debt is now over eighteen trillion dollars.