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Is US living on borrowed money? Its debt = $15 trillion

Last updated on: May 22, 2012 14:58 IST

Is US living on borrowed money? Its debt = $15 trillion

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The United States public debt is the money borrowed by the federal government of the United States at any one time through the issue of securities by the Treasury and other federal government agencies.

As of March 2012, debt held by the public was $10.85 trillion about 70 per cent GDP, while the intragovernmental debt was $4.74 trillion or about 30 per cent of GDP.

These two amounts make a whopping national debt of $15.6 trillion, roughly 100 per cent of GDP.

Click NEXT to see to from whom US government has borrowed trillions of dollars according to CNBC...

1. Federal Reserve and Intragovernmental Holdings
US debt holdings: $6.328 trillion

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Image: Dollar notes.


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Is US living on borrowed money? Its debt = $15 trillion

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2. China

US debt holdings: $1.132 trillion

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Image: Airport staff at Beijing International Airport's new terminal.
Photographs: Joe Chan/Reuters.
Tags: , US

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3. Other Investors/Savings Bonds

US debt holdings $1.107 trillion

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Image: Dollar notes.
Photographs: Reuters.
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Is US living on borrowed money? Its debt = $15 trillion

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4. Japan

US debt holdings: $1.038 trillion

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Tags: US , Japan

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Is US living on borrowed money? Its debt = $15 trillion

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5. Pension Funds

US debt holdings: $842.2 billion

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Image: Dollar notes.
Photographs: Reuters.
Tags: , US

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6. Mutual Funds

US debt holdings: $653.5 billion

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Photographs: Reuters.
Tags: , US

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7. State and local governments

US debt holdings: $484.4 billion

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Photographs: Illustration, Uttam Ghosh.
Tags: , US

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8. The United Kingdom

US debt holdings: $429.4 billion

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Image: London.
Photographs: John Giles/Reuters.

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9. Depository Institutions

US debt holdings: $284.5 billion

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Photographs: Illustration: Uttam Ghosh.
Tags: , US

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10. Insurance Companies

US debt holdings: $250.1 billion

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Tags: US

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11. Oil Exporters

US debt holdings: $232 billion

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12. Brazil

US debt holdings: $206.4 billion

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Tags: US , Brazil

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13. Caribbean Banking Centers

US debt holdings: $185.3 billion

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Image: Dollar notes.

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14. Taiwan

US debt holdings: $149.6 billion

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Image: Taipei 101.
Photographs: Pichi Chuang/Reuters.
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15. Switzerland

US debt holdings: $113.9 billion



Image: Swiss bank UBS.

Tags: US

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