2min chapter

Pantsuit Politics cover image

5 Things You Need to Know About the Federal Budget Process

Pantsuit Politics

CHAPTER

The Budget and Debt

The federal debt is the sum of all those past deficit years, minus any repayments. Most US debt is held by investors who buy treasury securities at different interest rates in different maturities. Foreign investors hold more than 40% of the total. China and Japan each hold more than $1 trillion of our debt.

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