BlackRock CEO: US$36 trillion in national debt could 'crush' the economy

Odaily Planet News The CEO of the world's largest asset management company, BlackRock, Larry Fink, warned at the 2025 Forbes Summit that the United States will "drown" in debt unless ways to stimulate and develop the economy are found. Fink noted that the U.S. national debt has grown from $8 trillion in 2000 to $36 trillion currently, with the upcoming tax bill expected to add another $2.3-2.4 trillion. He emphasized that the U.S. will face a serious crisis if it cannot achieve an actual growth rate of 3% per year. Despite the dire situation, Fink proposed solutions, including releasing more private capital, simplifying permit procedures, rebuilding infrastructure, and addressing the anticipated shortage of 500,000 electricians. He stated that the foundation for growth still exists, but if the U.S. continues to hover around 2% economic growth, the national debt will ultimately crush the country. (The Daily Hodl)