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Who is responsible for public debt?

Public Debt The public holds over $24 trillion of the national debt. 1 Foreign governments hold a large portion of the public debt, while the rest is owned by U.S. banks and investors, the Federal Reserve, state and local governments, mutual funds, pensions funds, insurance companies, and holders of savings bonds.

Is it safe to use TreasuryDirect?

Bonds in TreasuryDirect are safely maintained in your account with the U.S. Treasury. mature or you redeem them, whichever is first. Also, if all conditions are met, using savings bonds to pay for some education expenses offers additional federal tax benefits.

Where is the Bureau of Public Debt?

Bureau of the Public Debt Agency overviewSuperseding agencyBureau of the Fiscal ServiceJurisdictionU.S. Federal GovernmentHeadquartersWashington, D.C.Employees1,950 (2009)7 more rows

What does public debt mean in government?

The Debt Held by the Public, or public debt, is all federal debt held by individuals, corporations, state or local governments, foreign governments and other entities outside the U.S. Government, less Federal Financing Bank securities.

Who is the U.S. public debt owed to?

Foreign governments who have purchased U.S. treasuries include China, Japan, Brazil, Ireland, the U.K. and others. China represents 29 percent of all treasuries issued to other countries, which corresponds to $1.18 trillion.

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