Sunday, 7 September 2014

Foreign Ownership of U.S. Government Debt Passes $6 Trillion

SOURCE: CNS NEWS


For the first time in the nation’s history, foreign interests now own more than $6 trillion in U.S. government debt, according to the most recent Treasury Department report on major foreign holders of the debt, which includes the numbers through the end of June.
As of the end of June, foreign owners held $6,013,200,000,000 in U.S. Treasury securities, up from $5,976,500,000,000 as of the end of May.
Thirteen years ago, at the end of June 2001, the foreign-held U.S. government debt was $983,300,000,000—and had been trending downward for four months. Since then, it has grown more than six-fold.
Of the $6,013,200,000,000 in U.S. government debt held by foreign interests, $4,108,200,000,000 was categorized by the Treasury as “foreign official” debt holdings—meaning it was owned by institutions controlled by foreign governments.

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