Face the Facts USA: America's largest creditor is America

Each day in the 100 days leading up to Election Day, our website and Face the Facts USA will be partnering to bring you one exhaustively researched and vetted, non-partisan fact about a major issue facing our nation.

#7 WHO HOLDS THE NOTE? LOOK IN THE MIRROR

FACT: As of summer 2012, the federal government’s outstanding debt surpassed $15 trillion.

Who are the nation’s creditors?

The government owes the most money to — itself.

The Federal Reserve and various US agencies own 41 percent of the federal debt, more than $2 of every $5.

Nearly one-third of the national debt is owed to other countries.

China is the biggest foreign creditor ($1.144 trillion), followed by Japan ($1.076 trillion), but together they own less than 15 percent of it.

Mexico and Canada together are owed $90 billion.

Go to Face the Facts USA’s website