New York Fed warns about $69 trillion foreign investment ‘burden’ on U.S. economy

Interior view of the New York Stock Exchange (Credit: Michael Nagle/Bloomberg via Getty Images)

For decades, the U.S. enjoyed a peculiar privilege: It owed the world a fortune but somehow still collected more than it had to pay out. The country was effectively able to consistently run up a tab and still walk out ahead. 

That trick is now running out, according to economists at the Federal Reserve Bank of New York.