The United States has not seen a balanced budget since 2001. Although private banks in the U.S. hold the majority of the country’s debt, over 52% according to MSNBC, the Treasury Department and the Federal Reserve Board estimate that foreign governments hold 4.4 trillion of the country’s $14 trillion debt in Treasury securities.
Debt Chart: How Much Of America's Debt Each Nation Owns
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Tue, 05/31/2011 - 2:08am
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