ID :
84884
Sat, 10/17/2009 - 10:23
Auther :

INDIA-USDEBT 2 LST



After China, the largest foreign holder of US debt is
Japan. The Asian economic giant invested USD 724.5 billion in
these securities in July.

For the financial year ended September 30, America's
budget deficit touched USD 1.4 trillion, accounting for 9.9
per cent of the national GDP.

The recession-hit has been grappling with one of the
worst financial turmoils in decades, forcing the Federal
government to come up with unprecedented measures to revive
the country's economy. PTI RAM
JVN


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