this post was submitted on 05 Jul 2025
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Economics

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As Donald Trump cheered the passage of his self-styled, and officially named, Big Beautiful Budget Bill through Congress this week, long-sown seeds of doubt about the scale and sustainability of US borrowing from the rest of the world sprouted anew.

Trump's tax-cutting budget bill is expected to add at least $3 trillion (£2.2 trillion) to the US's already eye-watering $37tn (£27tn) debt pile. There is no shortage of critics of the plan, not least Trump's former ally Elon Musk, who has called it a "disgusting abomination".

The growing debt pile leaves some to wonder whether there is a limit to how much the rest of the world will lend Uncle Sam.

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[–] Pringles@sopuli.xyz 6 points 3 weeks ago (1 children)

Japan is actually the largest US debt holder with over 1.2T. China is 4th iirc with around 750B.

Correct. But they're still not as much as domestic debt holders.