Nevins: If countries stop buying US debt, everything changes

For years, the financial world has taken one truth for granted: people and countries will buy U.S. debt.

If that changes, everything changes. The United States borrows 30 trillion dollars ..



. that’s trillion with a “T.” Foreign investors are among the largest holders of U.

S. government debt. Japan is the largest, based on official data, with more than $1 trillion worth of U.

S. Treasury debt. China follows with $760 billion of Treasury bonds, having already reduced its holdings by more than a quarter of a trillion dollars since 2021.

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