The Treasury Dept. has announced its plans to auction off $104 Billion Dollars in Bonds next week to help pay for Obama’s porkulus spending.
The sales will exceed the previous record of $101 Billion Dollars just set last week—worries are mounting, that the USA will top $2 Trillion Dollars of debt this year.
China the largest holder of U.S. securities owns $763.5 Billion of debt obligations but has a growing concern about the Obama Administration’s attitude towards its economic woes and has quietly sold off $4.4 Billion Dollars of U.S. securities in order to meet its own financial commitments.
Who will the Obama Administration sell these latest debt securities too?
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