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📅 July 3, 7:00 – July 9,
BlackRock CEO Larry Fink warned: the $36 trillion U.S. national debt could "crush" the country's economy.
According to Deep Tide TechFlow news on June 8, reported by The Daily Hodl, Larry Fink, the CEO of the world's largest asset management company BlackRock, warned at the 2025 Forbes summit that the United States will be "drowning" in debt unless ways to stimulate and develop the economy are found.
Fink pointed out that the U.S. national debt has grown from $8 trillion in 2000 to $36 trillion now, with an expected increase of $2.3-2.4 trillion from the upcoming tax bill. He emphasized that if the U.S. cannot achieve a real growth rate of 3% per year, it will face a serious crisis.
Despite the severe situation, Fink still proposed solutions, including unleashing more private capital, simplifying permitting processes, rebuilding infrastructure, and addressing the anticipated shortage of 500,000 electricians. He stated that the basis for growth still exists, but if the U.S. continues to linger at 2% economic growth, national debt will ultimately crush the country.