![]() The federal government then either raises taxes or issues more debt to raise the required cash. They redeem their Treasury notes for funds as needed. This transfers the agencies' excess revenue to the general fund, where it's spent. Treasurys rather than stick this cash under a giant mattress, Intragovernmental holdings totaled more than $6.89 trillion in January 2023.1 Why would the government owe money to itself? Because some agencies, like the Social Security Trust Fund, take in more revenue from taxes than they need. The Treasury owes this part of the debt to other federal agencies. The bureau classifies that amount into two broad types: intragovernmental holdings and debt held by the public. national debt through its Bureau of Public Debt. national debt reached the debt ceiling of $31.41 trillion in January 2023.1 The U.S. national debt, but how does that work and what does it mean? Learn more about actually owns the U.S. The Social Security Trust Fund owns a significant portion of U.S. national debt as it added liquidity to the economy during and after the Great Recession, and more recently during the pandemic. Of those, Japan has the most, followed by China. Public debt is held by the public: individual investors, institutions, foreign governments.Īfter intragovernmental holdings, the next largest category is national debt held by foreign governments. Intragovernmental is debt held by the Federal Reserve and Social Security and other government agencies. There are two kinds of national debt: intragovernmental and public. 我算了一下, fed持有8t + social security 持有3T, 基本就差不多了,īy Kimberly Amadeo Updated on January 19, 2023Ī woman sits at her kitchen table with laptop while paying bills, talking on the phone ![]()
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