TeeJaw Blog

China Dumping Its Holdings of U.S. Debt

Posted in Government and Politics by TeeJaw on Saturday, June 4, 2011, 8: 25 AM

(CNSNews.com) – China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury.

The squabble over whether to raise the debt limit is academic if no one wants to loan Obama any money anymore. It’s finally happened. Liberals have run out of other people’s money.

Read the rest of the story at CNS News.

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