June 29, 1995 |
The United States maintained its position as the largest debtor nation last year as the gap widened between foreign holdings in the United States and American assets abroad. The Commerce Department reported Wednesday that the nation's net debtor position worsened by 24.9%--to $680.8 billion last year from a revised $545.3 billion at the end of 1993. At the same time, the British replaced the Japanese as the largest holder of direct U.S.
June 10, 1991 |
The United States is still the world's biggest debtor nation, but it's not nearly as deep in the red as first thought, new Commerce Department figures show. The figures, which attempt to value overseas assets at current prices rather than the prices at which they were bought, show the United States from $200 billion to $380 billion better off in 1989 than originally reported. But it was still in the red by hundreds of billions of dollars in 1989.
August 30, 1990 |
Latin American debtor nations failed to honor $18 billion in financial obligations last year as the region's foreign debt escalated further despite efforts to curb it, a study said today. By the end of last year, 27 Latin American nations had a combined foreign debt of $434.6 billion, including $6.45 billion owed by Communist Cuba, according to the study by Caracas-based Latin American Economic System. That amount is 1.5% higher than 1988's total of $427.5 billion, the study said.
July 15, 1990 |
Change that tune. In analyses of the Houston economic summit we heard a lot of talk about "the waning power of the United States"--which, it was said, could no longer dictate to its allies Germany and Japan. Interviewed on television, experts lamented the "weakened, uncompetitive" U.S. economy, and the words "world's largest debtor nation" were repeated like a mantra. But the analysis is out of date. The United States is not economically uncompetitive.
July 3, 1990 |
The United States strengthened its grip on the title of world's largest debtor nation in 1989, ending the year with a net debt of $663.7 billion, up a sharp 25% from the previous year. The latest figures, based on data collected by the Commerce Department, are certain to heighten the emotional debate over whether the United States is losing control of its financial destiny to foreigners. The Commerce Department report showed that U.S. holdings of overseas assets rose by $146.