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Friday, June 03, 2011

U.S. Offers Foreign Aid to Countries Holding Billions in Treasury Securities - FoxNews.com

U.S. Offers Foreign Aid to Countries Holding Billions in Treasury Securities - FoxNews.com: "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 Service 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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