In October 2020, the U.S. national debt was $27 trillion. A year later, it was $29 trillion,

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In October 2020, the U.S. national debt was $27 trillion. A year later, it was $29 trillion, and now in 2023 it is over $32 trillion. Please discuss:

1. How much of the U.S. debt is held by foreign governments or institutions?

2. Which 2 foreign countries are the largest holders of U.S. debt?

3. What would happen if their demand for Treasury securities declined?

4. What would happen if they engaged in a mass sell-off?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Apr 28, 2024 07:48 AM

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In October 2020, the U.S. national debt was $27 trillion. A year later, it was $29 trillion,

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Income Tax Fundamentals 2013

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