Final answer:
The U.S. budget is approximately $4.8 trillion, the U.S. debt is over $28 trillion, and China is the largest foreign holder of U.S. debt.
Step-by-step explanation:
The U.S. budget refers to the amount of money the federal government plans to spend during a fiscal year. The U.S. budget is approximately $4.8 trillion, the U.S. debt is over $28 trillion, and China is the largest foreign holder of U.S. debt. The size of the U.S. budget varies from year to year, but as of 2021, the budget for the fiscal year is approximately $4.8 trillion.
The U.S. debt, on the other hand, refers to the total amount of money that the federal government owes to creditors. As of 2021, the U.S. national debt stands at over $28 trillion.
The country that is the largest foreign holder of U.S. debt is China.