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Q: How did the US get into debt and to whom did it owe money?
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What is a debt ceiling?

Debt ceiling is the limit on how much money the US Federal government can owe.


Can you challenge a debt?

Absolutely! It is your right as a US citizen to challenge anybody who says you owe them money. If they cannot produce the proof that you owe them that debt, then they cannot legally attempt debt collection on you.


Who else does the US owe money to besides China?

I think they owe money to pretty much every country in the world (sorry if this doesn't help). Heck, they probably owe money to you with the gov'ts debt in the trillions


Do you owe money to Mexico?

If you mean the United States, yes. Mexico holds US$27.7 billion worth of US' external debt.


How long would it take to pay off the US debt?

The U.S is aproximently $13,048,885,524,238.38.in debt and it would take Samantha 400 years to pay it back to BenitoRead more: How much money does the US owe


How much debt does the US owe china?

2 trillion dollars


Why do we owe china so much money?

Because the US spends far more each year than it takes in. That is called the deficit. Every year that we have a deficit, we need to borrow money to make up the difference. That is called the debt. Much of that loaned money comes from China, or the debt was assigned to China by whoever the US borrowed from. Since we're living on borrowed money, we have to owe someone. China is one of those someones.


Who did the US owe money to when the nation began?

China because they had helped us out but U.S. gave them over a million dollars to help them since they helped us and that's why U.S is in debt today


How much does US owe in debt?

We the United States of America owe a total of $13,048,885,524,238 dollars,and 38 cents


What countries owe Britain money?

The US owe us 350bn and thats all I know.


How much money do US owe the queen of England?

I would say they owe her a little amount of money


What if you leave credit card debt in US?

I owe credit cards companies in the US. Can they collect it in The Netherlands?