Trends and major holders of U.S. federal debt

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Trends and major holders of U.S. federal debt

  • Publicação autor corporativo (Autor institucional): NU. CEPAL. Oficina de Washington
  • Descrição física: 29 páginas.
  • Editora: ECLAC
  • Símbolo da ONU (Assinatura): LC/WAS/TS.2019/3
  • Data: Maio 3, 2019

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Descrição

Abstract:

The U.S. debt burden became heavier as a result of the unprecedented policy response to the global financial crisis and economic recession, and it has continued to grow. On March 11, the U.S. administration unveiled a US$ 4.75 trillion budget proposal that projects debt held by the public will hit US$ 22.8 trillion by 2025, more than 50% higher than in 2017, when debt held by the public was US$ 14.7 trillion. Regarding short-term prospects, total U.S. debt is expected to reach a statutory limit known as the “debt ceiling” later this year, which will require a congressional vote to raise the ceiling.

Índice

  • Overview
  • I. Federal debt
  • Major foreign holders of U.S. debt
  • III. Looking ahead.