An article in the Wall Street Journal in 2023 noted that the federal debt held by the
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An article in the Wall Street Journal in 2023 noted that “the federal debt held by the public, not including intragovernmental holdings, reached 99.8 % of GDP in 2020.”
a. What does the article mean by “intragovernmental holdings” of the federal government debt? Why does the article subtract intragovernmental holdings when discussing the size of the debt?
b. Who owns the part of the debt “held by the public”? Just individual investors? Briefly explain.
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