To put this number into context, the total
Treasury debt held by the public today is about $ 15 trillion; a $ 5 trillion revenue shortfall would by itself require federal borrowing equal to one - third of the debt currently in the hands of the public.
Not exact matches
Debt held by the
public, such as
Treasury securities
held by investors outside the federal government, including that
held by individuals, corporations, the Federal Reserve System and foreign, state and local governments.
Furthermore, the
Public Debt Subject to Limit is the Public Debt Outstanding adjusted for Unamortized Discount on Treasury Bills and Zero Coupon Treasury Bonds, Miscellaneous debt (very old debt), Debt held by the Federal Financing Bank and Guaranteed D
Debt Subject to Limit is the
Public Debt Outstanding adjusted for Unamortized Discount on Treasury Bills and Zero Coupon Treasury Bonds, Miscellaneous debt (very old debt), Debt held by the Federal Financing Bank and Guaranteed D
Debt Outstanding adjusted for Unamortized Discount on
Treasury Bills and Zero Coupon
Treasury Bonds, Miscellaneous
debt (very old debt), Debt held by the Federal Financing Bank and Guaranteed D
debt (very old
debt), Debt held by the Federal Financing Bank and Guaranteed D
debt),
Debt held by the Federal Financing Bank and Guaranteed D
Debt held by the Federal Financing Bank and Guaranteed
DebtDebt.
Its
public, or marketable,
debt (
treasury notes, bonds and bills) is
held by investors outside the federal government.
As of February 2012, $ 5.1 trillion, or approximately one half of the
debt held by the
public, was owned
by foreign investors, the largest of which are China and Japan who both own over $ 1 trillion in
treasury securities.
As a practical matter, the only effect is that the interest that the
public pays on
Treasury debt can not actually be remitted
by the Fed back to the
Treasury as usual, but must instead be retained
by the Fed in order to recapitalize itself due to losses on the bonds it
holds.