U.S. Offers Foreign Aid to Countries Holding Billions in Treasury Securities -- FOX News
The United States is providing hundreds of millions of dollars of foreign aid to countries that it borrows billions from, according to a report by Congress's research arm.
The Congressional Research Services released a report last month, a copy of which Fox News exclusively obtained, showing that in fiscal year 2010, the latest year that data was available, the U.S. handed out a total of $1.4 billion to 16 foreign countries that held at least $10 billion in Treasury securities, including China ($27.2 million), Brazil ($25 million), Russia ($71.5 million), India ($126.6 million), Mexico ($316.7 million) and Egypt ($255.7 million).
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My Comment: Two things surprised me in this report .... (1) Egypt holding $15.3 billion in U.S. Treasury bills, and (2) the U.S. wants to give more.
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