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Guess Who Owns the Most U.S. Debt? Not China

The United States’ total public debt outstanding was approximately $13.562 trillion at the end of the government’s fiscal year on 30 September 2010. As of 4 January 2011, the United States’ total public debt outstanding has surpassed 14 trillion dollars and is continuing to grow rapidly. The big surprise of the chart is that China, contrary to popular opinion, only owns 7.5% of the U.S. debt. Click here to read complete article