SALT LAKE CITY — Sen. Mitt Romney, R-Utah, and Rep. Blake Moore, R-Utah, are weighing in on the U.S. debt and what their colleagues in the House and Senate can do about it.
The U.S. debt today is roughly $34 trillion. The U.S. government paid $76 billion in interest costs in October, up 77% from the $43 billion tab in October 2022, according to CNN.
Net interest costs soared to $659 billion in fiscal year 2023, which ended September 30. That’s up $184 billion or 39% from the previous year, according to the Treasury Department, CNN reports.
Congress is facing two deadlines coming up fast:
- Veterans programs, transportation, housing, agriculture, and energy departments are funded through Jan. 19, while funding for eight other appropriations bills, including defense, expires Feb. 2, according to CBS News.
Romney on U.S. debt
Romney has teamed up with West Virginia Democrat Sen. Joe Manchin to craft the…
