Fed Chairman Jerome Powell just said the US fiscal policy is on an "unsustainable path". He says we need the economy to grow faster than the US debt and that is not happening
PAR14:30:18 GMT - 08/24/2018
Who owns the huge and growing U.S. national debt? By and large, Americans.
Some 70% of the national debt is owned by domestic government, institutions investors and the Federal Reserve. A shade under 30% is owned by foreign entities, according to the latest information from the U.S. Treasury.
The nationís debt climbed to a record $21.21 trillion at the end of June, a 6.9% increase from a year earlier.
American institutions such as private and state pension funds as well as individual investors were the biggest holders. They owned $6.89 trillion in debt and absorbed about four-fifths of the increase over the past year.
PAR13:56:08 GMT - 08/24/2018
U.S. Treasury to sell $104 bln in notes
1 MIN READ
NEW YORK, Aug 23 (Reuters) - For details of the U.S. Treasuryís auction of 2-year, 5-year and 7 year notes next week,
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Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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