"Am I therefore become your enemy,because I TELL YOU THE TRUTH...?"
(Galatians 4:16)

Saturday, May 1, 2010

China Remains biggest Holder of US Debt....

WASHINGTON—The verdict is in: China is still the top holder of U.S. government debt, the Treasury said in a report on Friday. The report showed that as of December, China held $894.8 billion in U.S. securities. The figure is consistent with a preliminary report released in late February.
Friday's final version of that report puts to rest a question about whether Japan had surpassed China as the top holder of U.S. debt in December. A report released by the government in mid-February had suggested that China had lost its top spot—one it had gained in 2008.
But then, later that month, the Treasury revised that finding in the preliminary report that found China still held the top spot....

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