Posts tagged Federal Debt
The $15 Trillion U.S. Foreign Debt

There has been considerable discussion of the U.S. federal debt, approaching $20 trillion, and the impact this will have on the budget deficit when Treasury rates rise. Almost no attention, however, has been paid to the fact that three-quarters of this projected debt, or $15 trillion, will be held by foreigners, and that a 3% rise in Treasury rates could cause disruption in international trade and finance.

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