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The national debt has been making its way into the headlines a lot as of late. Much of this attention has been underscored by a grumbling, a recession-weary U.S. population forced to re-examine their spending habits even as the government maintains record federal deficits. One of the latest news flashes to spark public concern is China’s continued dominance as the largest foreign holder of U.S. Treasury debt. According to the U.S. Treasury Department’s annual benchmark revisions, China’s holdings of U.S. Treasury securities stood at $894.8 billion at the end of December 2009, keeping it in its first place position followed by Japan which holds $768.8 billion.