Tags: Fed | china | US | Debt

Fed Edges China as Owner of US Debt

Thursday, 17 Nov 2011 03:42 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The federal government now owns the biggest slice of the national debt, edging ahead of China, as the debt hit a record of more than $15 trillion Wednesday and continues to rise.

The Federal Reserve reported that it has doubled its holdings of U.S. debt between 2010 and 2011, $812 billion to $1.665 trillion, reports CNSNews.com. Chinese-owned U.S. debt is valued at $1.1483 trillion. China decreased its holdings from 2010 levels of $1.1519 trillion.

China owned nearly $340 billion more in U.S. debt than the Fed did in Sept. 2010. The Fed has reversed that, and now owns $516.7 billion more than the Chinese.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

FBI, Homeland Security Warn Police About Lone-Wolf Attacks

Tuesday, 23 Sep 2014 22:11 PM

Federal authorities have issued a warning to police departments across the country to watch out for lone-wolf terror att . . .

Ex-UK Defense Chief: Fight ISIS, Use Sanctions Against Russia

Tuesday, 23 Sep 2014 22:10 PM

Former British Defense Minister Liam Fox made a strong pitch Tuesday for a "coalition to fight ISIS," but on the Crimean . . .

John Bolton: US Still Must Work to Oust Assad in Syria

Tuesday, 23 Sep 2014 20:41 PM

Just because the United States is striking targets of the terror groups Islamic State (ISIS) and Khorasan doesn't mean A . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved