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“No money shall be drawn from the treasury, but in consequence of appropriations made by law; and a regular statement and account of receipts and expenditures of all public money shall be published from time to time.” ~ Article I, Section 9, Clause 7, U.S. Constitution Hamilton Securities LitigationThe US Government shut down Hamilton Securities…

Depending upon what news sources you read, you may have the impression that the vast majority of the official U.S. government debt is held by China and certain other large foreign governments. While it is true that China is the largest foreign holder of U.S. government-issued debt securities, a closer look at the facts presents…