US Government's Foreign Debt Hits Record $5.29 Trillion

``The U.S. government's debt held by foreign entities hit a record $5.2923 trillion in June, CNSNews.com reported, citing Treasury Department data. The government's indebtedness to foreign entities has shot up 72.3 percent since President Barack Obama took office. In January 2009 the U.S. government owed $3.0717 trillion to foreigners entities, the news service added.''