The federal deficit is now just over nine hundred eighty billion dollars and projected to go over a trillion dollars by the end of the fiscal year on October first. That is spite of promises made when the tax cuts were passed last year that growth would fuel higher federal revenues.
South Dakota Senator John Thune says those revenues are rising.
Thune says the problem is spending rising faster than revenues.
Entitlement reform usually indicates changes to Social Security and Medicare. Thune says it is a difficult debate.
Meantime, the federal debt is just under twenty two trillion dollars.
(WNAX)