China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills

We’re in a very picaroons situation with our debt. Not raising the debt limit is step one on finally acting like adults to solve the county’s financial woes. CNS News China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent