WASHINGTON - The government said Tuesday that foreign demand for U.S. Treasury securities fell by the largest amount on record in December with China reducing its holdings by $34.2 billion.
The reductions in holdings, if they continue, could force the government to make higher interest payments at a time that it is running record federal deficits.
". . .could force the government to make higher interest payments at a time that it is running record federal deficits."
Really? Do you think so? And hey, what will the Chinese be doing with their money now? I don't see the Euro is offering much appeal. Other than gold, where do you put big money now?
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