Solomon Warns of Debt Reckoning, Urges Growth
Update: 2025-11-11
Description
Goldman Sachs CEO David Solomon warns of a looming debt crisis, projecting the national debt to reach the low forties if current trends continue. He emphasizes the need for increased economic growth, highlighting the difference between a three percent and two percent growth rate. Solomon expresses optimism about potential growth drivers such as technological advancements and infrastructure investment. Despite long-term concerns, he believes the chance of a near-term recession is low, urging the nation to address its debt reliance.
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