The rapid growth in U.S. government debt is being financed by domestic U.S. entities, not foreign governments, and that shift poses risks to economic growth.
Fox News contributor and The King's College economics professor Brian Brenberg reacts to November's ADP report.over the last 15 years has been fueled not by lending from China and Japan but through the purchase of treasuries by U.S. financial institutions, state governments and other domestic entities.
In late 2010, shortly after the housing crisis, federal debt owned by the public totaled $7.8 trillion, and close to two-thirds of that represented lending from Japan, China and other foreign nations. By the summer of 2022, total debt owned by the public more than tripled to $23.9 trillion – a jump of $16 trillion that was mostly financed by U.S.
Analysts say the shift in who lends to the U.S. government in part reflects the waning interest that foreign nations have in financing the ever-expanding U.S. debt. For those reasons, the U.S. has turned to domestic lenders, a move that analysts said will likely have serious repercussions for U.S. economic growth. CRFB President Maya MacGuineas said locking up domestic funds to buy treasuries is athrough expanded economic activity even more daunting.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Andrew Dominik Blames ‘Blonde’ Backlash on Americans Wanting Marilyn Monroe Portrayed as “Empowered Woman”The director also said he was 'really pleased' the film starring Ana de Armas had 'offended so many people.'
Baca lebih lajut »
Hearing aids are now cheaper and easier to buy for hard-of-hearing AmericansFormerly, hearing aids required a prescription and came with a high price tag — now, Americans over age 18 who have mild-to-moderate hearing loss can buy hearing aids over the counter in drugstores.
Baca lebih lajut »
The 5 biggest financial regrets of older Americans37% of Americans wished they had worked longer before retiring, according to a recent poll of 1,764 Americans over the age of 50.
Baca lebih lajut »
Here's Why Liberal Americans Say They Don't Want To Date Conservatives″‘It’s just politics’ line showcases an utter lack of understanding or caring, neither of which are good.”
Baca lebih lajut »
OneTen, National Student Clearinghouse team up on employment of Black Americans - Phoenix Business JournalOneTen currently works with over 70 companies across industries, including many household names such as Bank of America Corp., Deloitte LLP, Walmart Inc., Nike Inc. and General Motors Corp.
Baca lebih lajut »
Why Americans are more annoyed with their car purchasesIn a recent annual study, overall satisfaction fell for the first time in a decade, posing risks to the long-term reputations of some industry leaders.
Baca lebih lajut »