“$3 trillion for federal coronavirus stimulus packages is "being borrowed basically from China.”
What PolitiFact found
Experts say the Federal Reserve is likely to be the largest source of funds for the $3 trillion. China is expected to buy little, if any, of the debt, because it does not have the money to lend.
Their words, from the summary they publish with the rating.
In short
Rand Paul (U.S. senator, R-Ky.) made this claim around 6 May 2020. PolitiFact (United States) looked into it and published its finding on 14 May 2020, 8 days later. Its rating was “False”.
Rand Paul has 19 checked claims in this archive. Fact-checking organisations rated 8 of them false or fake, 9 misleading or mixed and 0 true.
Where the claim appeared
- video.foxnews.comhttps://video.foxnews.com/v/6154658621001
Links recorded by PolitiFact. Some posts may have been deleted since.
This check was done by PolitiFact, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.