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

Democrats Rush to Confirm Obama Nominees in Lame Duck Session

Thursday, 23 Oct 2014 09:14 AM

While publicly expressing confidence that Democrats will hold onto a majority in the Senate, party leaders are scramblin . . .

Canada Had Revoked Shooter's Passport, Citing High Risk

Thursday, 23 Oct 2014 09:14 AM

The Canadian shooter who gunned down an unarmed guard at the Ottawa War Memorial on Wednesday before firing his way thro . . .

Man Charged after Jumping White House Fence, Sparking Lockdown

Thursday, 23 Oct 2014 08:34 AM

A man arrested after jumping the White House fence on Wednesday night has been charged with three felony counts and four . . .

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