>>514667921
This is intentional. Stephen Miran is one of Trump's primary economic advisors and his plan is to devalue the USD up to 50% to make US manufacturing more competitive

>>512979867
Its mostly domestically held, but there are significant overseas debt holders like Japan and China who both hold around $1tn.

They're both trying to get out of being major bondholders now that Trump is deliberately crashing the value of the dollar to try to inflate the debt away.