The last time foreigners owned so much U.S. debt was in the mid-19th century

Submitted by Webmaster on Fri, 01/06/2007 - 10:22

For the moment, at least, financing the U.S. budget deficit may be getting less arduous as foreign investors now own a record 80 percent of the Treasury notes due in three to 10 years.Not since the 19th century have foreigners held so much American debt, said Alan Taylor, a professor of economic history at the [...]

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