Wolf Street/Wolf Richter/2-19-2020
“And who the heck bought all this debt?”
USAGOLD note: Using Treasury Department statistics, Wolf Street breaks down who bought last year’s $1.3 billion addition to the national debt as follows: Foreign creditors – $425 billion; the Federal Reserve – $344 billion; U.S. government agencies (like Social Security) – $178 billion; U.S. commercial banks – $131 billion; funds and institutions – $141 billion. For the details in each category, we invite you to visit the link above.
