内容摘要：The views expressed in this article are the author’s own and do not necessarily reflect Al Jazeera’s editorial stance.

The views expressed in this article are the author’s own and do not necessarily reflect Al Jazeera’s editorial stance.

Countries buy US debt because it offers a safe, stable investment for their foreign currency reserves, helps manage exchange rates and provides reliable interest income.Foreign investors hold $9.05 trillion of debt, of which:

In response to Trump’s tariffs, both Japan and China have indicated they will use their substantial holdings of US treasuries as leverage in trade negotiations with the Trump administration.Earlier this month, Japanese Finance Minister Katsunobu Kato said Japan’s massive holding of US treasuries could be a “card on the table” in trade negotiations.Similarly, China has been gradually selling US treasuries for years. In February, China’s US treasury holdings dropped to their lowest level since 2009, reflecting efforts to diversify reserves and ongoing trade tensions.

What does high US debt mean for the average American?If the US government is spending more on debt interest repayments, it can affect budgets and public spending as it becomes more costly for the government to sustain itself.

The government may raise taxes to generate more revenue to pay down its national debt, increasing costs for average people. Increasing debt could also lead to higher interest rates, making mortgages, car loans and credit card debt more expensive.

The vote, held in the backdrop of a martial law bid by ex-President Yoon Suk-yeol, could also affect Seoul’s approach towards the US, China and Japan, say analysts.He wants good coffee from India to be associated with Nagas, not just Nagaland, he said.

“People of the land must become the brand”.Dubbed the ‘One Big Beautiful Bill’, the bill would secure several of Trump’s priorities while raising the debt limit.

United States President Donald Trump has brushed aside criticism of his wide-ranging budget bill — known as theOne Big Beautiful Bill