US EditionHouse Budget Committee Chairman Calls Federal Interest Costs ‘A Ticking Time Bomb’
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House Budget Committee Chairman Calls Federal Interest Costs ‘A Ticking Time Bomb’
(Just The News)—A top Republican budget hawk called growing federal interest costs “a ticking time bomb that must be defused.” U.S. Rep. Jodey Arrington, R-Texas, chairman of the House Budget Committee, blamed former President Joe Biden’s administration for a bleak milestone last year when the U.S. spent more on interest costs than it did on defense. “Interest spending nearly tripled during Mr. Biden’s term. This is a disastrous result of his re…
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