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China Overtakes Japan As Biggest U.S. Debt Holder

Bianca Ortega   | May 19, 2015 04:13 AM EDT

After just a month, China has overtaken Japan to become the biggest holder of U.S. debt after significantly increasing its U.S. Treasuries holdings.

A U.S. Flag is displayed in front of the Capitol during a Flag Ceremony in Washington, November 2, 2010.

U.S. Sending Millions of Taxpayers’ Money as Aid to China: Watchdog

Vittorio Hernandez   | Feb 14, 2015 01:47 AM EST

The watchdog ForeignAssistance.gov is questioning the dubious spending pattern of the U.S. federal government, particularly its allotment of $50 billion annually as foreign aid to several nations. The question arises since the U.S. itself is deeply mired in debt to the tune of $1.3 trillion.

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