Chairman Smith: Rising Interest Rates All the More Reason to Address Fiscal Sanity in Debt Limit Debate

WASHINGTON, DC – House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Federal Reserve continued its interest rate increases at the fastest rate in 40 years – raising rates another 25 basis points, for a total of 4.5 percent, the eighth increase since March 2022 and cumulatively larger than…