05/09/2012 13:04
US national debt topped $16 trillion
The national debt topped $16 trillion on Tuesday, adding fuel to Republicans' criticisms of President Obama's deficit spending just as the Democrats are kicking off their national convention.
Mitt Romney lamented "the enormous debt" being handed the nation's children, while House Speaker John Boehner called it a "sad reminder of President Obama's broken promise to cut the deficit in half."
But if you thought China's been doing most of the bankrolling, you might be surprised to learn who really holds our federal mortgage.