0
What else can I help you with?
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
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.
What is a debt ceiling?
Debt ceiling is the limit on how much money the US Federal government can owe.
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
How much does China owe us?
?US owes china a lot of money...about 3 trillion dollars (2009)
How much is US foreign debt?
US foreign debt is now over 4.5 trillion dollars a year. China holds a majority of the US foreign debt.
How did the economic system impacted china?
We mostly owe China our debt. So if we don't pay soon, they will take over US trade with Australia causing us to loose even more money. (also, China's military is expanding vigorously)
How much does America owe china?
The US owes over $16 trillion to other countries. India is owed about $53.9 billion. China is owed the most at $1,8 trillion.
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 money does the us owe itself?
None. The US owes other countries, like China, money that they have loaned to us.
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 is the owner of US debt?
China
