Policymakers need to start being more honest about how the U.S. debt works.
It's an age-old debate among the members of Congress. How do we cut the budget? How do we reduce the debt?
By Money Morning Reports, Money Morning -
Policymakers need to start being more honest about how the U.S. debt works.
It's an age-old debate among the members of Congress. How do we cut the budget? How do we reduce the debt?
By Money Morning Reports, Money Morning -
Policymakers need to start being more honest about how the U.S. debt works.
It's an age-old debate among the members of Congress. How do we cut the budget? How do we reduce the debt?
But that debate is being framed in the wrong way.
By Money Morning Staff Reports, Money Morning -
The U.S. owes foreign governments more money than it ever has - since 2001, the amount has increased six fold to $6.18 trillion.
And U.S. debt to China has been the biggest of all U.S. foreign debt, for seven years running.
This means nations like China hold the power to drastically affect the American economy...
By Guest Admin, Money Morning -
Since the mid-1990s, China and a host of other foreign governments have quietly acquired one-third of all United States public debt. Foreign holders of United States debt held more than $5.6 trillion in Treasury securities as of August 2013.
But continued debt-ceiling drama in the United States is starting to change that.