> Unfortunately, interest on that debt is real and is owed to other countries. Most of that debt is internal. Highlights from the March 2021 report * Federal

> Unfortunately, interest on that debt is real and is owed to other countries. Most of that debt is internal. Highlights from the March 2021 report * Federal Reserve and government: $10.81 trillion (December 2020) * Foreign: $7.07 trillion (in September 2020, Japan owned $1.28 trillion and China owned $1.06 trillion of U.S. debt, which is more than a third of foreign holdings) * Mutual funds: $3.5 trillion * Other holders, including individuals, government-sponsored enterprises, brokers and dealers, banks, bank personal trusts and estates, corporate and non-corporate businesses, and other investors: $2.28 trillion * State and local governments, including their pension funds: $1.09 trillion * Private pension funds: $784 billion * Insurance companies: $253 billion * U.S. savings bonds: $147 billion (December 2020) source: https://www.thebalance.com/who-owns-the-u-s-national-debt-3306124 https://www.thebalance.com/who-owns-the-u-s-national-debt-33...