Gov't Debt Under Obama

Home » News

Fed’s Holdings of U.S. Gov't Debt Hit Record $1,696,691,000,000; Up 257% Under Obama

January 24, 2013

---

By Terence P. Jeffrey

Subscribe to RSS

 133 85

  

Treasury Secretary Tim Geithner and Federal Reserve Chairman Ben Bernanke (AP Photo/Mark Lennihan)

(CNSNews.com) - In data released Thursday afternoon, the Federal Reserve revealed that its holdings of U.S. government debt had increased to an all-time record of $1,696,691,000,000 as of the close of business on Wednesday.
The Fed's holdings of U.S. government debt have increased by 257 percent since President Barack Obama was first inaugurated on Jan. 20, 2009, and the Fed is currently the single largest holder of U.S. government debt.
As of the end of November, according to the U.S. Treasury, entities in Mainland China owned about $1,170,100,000,000 in U.S. government debt, making China the largest foreign holder of U.S. government debt.
When Obama was inaugurated in 2009, the Fed owned $475.322 billion in U.S. government debt. As of the close of business on Wednesday, Jan. 23, the Fed owned $1.696691 trillion in U.S. government debt, up $1.221369 trillion during Obama's first term.
Since Obama has been president, the publicly held portion of the U.S. government debt (as opposed to the "intragovernmental" deb the government has borrowed from federal trust funds such as the Social Security Trust Fund) has increased by  $5,264,245,866,257.40. The $.221369 in additional U.S. government debt the Fed has purchased during Obama's presidency equals 23 percent of all the new publicly held debt the Treasury has issued during that time.

January 24, 2013

Obama's Fourth Year in Office Ties as Most Polarized Ever

Seventy-six-point gap in party ratings of Obama ties Bush in 2004-2005

by Jeffrey M. Jones

PRINCETON, NJ -- During his fourth year in office, an average of 86% of Democrats and 10% of Republicans approved of the job Barack Obama did as president. That 76-percentage-point gap ties George W. Bush's fourth year as the most polarized years in Gallup records.

Rubio Grills Kerry on 'Disorganized' US Role in the World

Senator Marco Rubio on Thursday grilled fellow Senator John Kerry, D-Mass., during his Secretary of State confirmation hearing over the challenges created by the Obama Administration's recent activity in the Middle East. ... [Full Story]