Tags: Fed | china | US | Debt

Fed Edges China as Owner of US Debt

Thursday, 17 Nov 2011 03:42 PM

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.

© 2015 Newsmax. All rights reserved.

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

US Official: Paris Market Terrorist Had Camera to Video Attack

Friday, 30 Jan 2015 23:05 PM

Amedy Coulibaly, the terrorist who killed four people as part of terrorism attacks that rocked Paris earlier this month, . . .

Donald Trump: 'I Will Take Full Credit' for Romney Dropping Out

Friday, 30 Jan 2015 22:11 PM

A week ago, just before and during the Iowa Freedom Summit, real estate mogul Donald Trump was quick to call out two-tim . . .

Report: Hezbollah Tunnels May Make Gaza's Look Like 'Child's Game'

Friday, 30 Jan 2015 21:58 PM

After uncovering a Hamas underground tunnel network in last summer's Gaza war, the Israeli military has turned its atten . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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