Political Quotes

Mike Rounds: “Is it fair to say that right now, if--over the long-term basis, every time the interest rate that we have to pay at the…”

On the recordJune 20, 2016
Is it fair to say that right now, if--over the long-term basis, every time the interest rate that we have to pay at the Federal level goes up by a quarter point, it is estimated that approximately a $50 billion a year additional increase in our costs being paid out.
Said by
Mike Rounds
Republican · South Dakota

Editor's note · Context

Rounds highlights the financial impact of rising interest rates on federal costs.

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