US loans from China at issue in debt-ceiling fight

Published April 29, 2013 6:56pm ET



WASHINGTON (AP) — Despite what you may have heard, China isn’t the country’s biggest creditor. America is.

The bulk of the national debt — soon to exceed a staggering $17 trillion — is held by the Federal Reserve, Social Security system, various pension plans for civil service workers and military personnel, U.S. banks, mutual funds, private pension plans, insurance companies and individual domestic investors.

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