As the U.S. national debt approaches $39 trillion, foreign investors play a key role…. though ownership is concentrated among a few countries.
Data & financial journalist covering global economics and policy
As the U.S. national debt approaches $39 trillion, foreign investors play a key role…. though ownership is concentrated among a few countries.
In 2025, the U.S. economy didn’t simply cool or rebound but changed in ways that were visible in the data itself.
A shutdown distorted inflation, tariffs reset global trade, U.S. debt buyers quietly swapped places, and food prices surged. I pick five charts that captured how policy and politics reshaped the American economy in 2025.
Foreign investors now hold more than $9 trillion in U.S. Treasurys, but growing purchases by advanced economies contrast with pullbacks by China and other emerging markets.
In June 2025, foreign official institutions drove a $80 billion net inflow into U.S. Treasuries, with the U.K. recording the largest one-month increase among major holders.