NEW YORK -- As the U.S. government binges on borrowing to finance big spending under President Donald Trump, it has had no problem selling debt to investors searching for returns, notably to those in Asia who together hold $258.3 billion in Treasurys.
Last year's U.S. budget deficit topped $1 trillion, with the total reaching $19 trillion. U.S. Treasurys now account for 80% of all sovereign debt in the developed world, and the federal government's annual net interest payments exceed $390 billion, five times the figure for Japan's debt-ridden government.
