Crapo, Colleagues Sound the Alarm on Rapidly Rising Cost of Servicing National Debt
December 12, 2023
December 12, 2023
WASHINGTON, Dec. 12 -- Sen. Mike Crapo, R-Idaho, issued the following news release:
Washington, D.C.--U.S. Senator Mike Crapo (R-Idaho) joined a group of Senate Republican colleagues in sending a letter to the Congressional Budget Office (CBO) highlighting concerns with the rising cost of servicing the nearly $34 trillion national debt.
"Driven by out-of-control federal spending and rising interest rates, the U.S. spent $659 billion on servicing the federal debt in . . .
Washington, D.C.--U.S. Senator Mike Crapo (R-Idaho) joined a group of Senate Republican colleagues in sending a letter to the Congressional Budget Office (CBO) highlighting concerns with the rising cost of servicing the nearly $34 trillion national debt.
"Driven by out-of-control federal spending and rising interest rates, the U.S. spent $659 billion on servicing the federal debt in . . .