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United States Becomes World’s Largest Debtor Nation
The Commerce Department reports the U.S. end of year debt at 107.4 billion dollars, overtaking Brazil and Mexico. American investments overseas rose 6 percent to 952.4 billion while foreign holdings in the United States climbed 18.6 percent to 1.059 trillion, signaling a shift from creditor to debtor in 1985.
MENTIONED IN THIS ARTICLE
Washington
United States
Brazil
Mexico
Commerce Department
U.S