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Fed Now Largest Owner of U.S. Gov't Debt -- Surpassing ChinaQuicklink Submitted By Sheila Samples No comments
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Copyrighted Image? DMCA | In its latest monthly report, the Federal Reserve said that as of Sept. 28, it owned $1.665 trillion in U.S. Treasury securities. That was more than double the $812 billion in U.S. Treasury securities the Fed said it owned as of Sept. 29, 2010. Meanwhile, as of the end of this September, entities in mainland China owned $1.1483 trillion in U.S. Treasury securities. |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.
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