BlackRock CEO: The US $36 trillion national debt could "overwhelm" the country's economy

Odaily Planet Daily News: Larry Fink, CEO of BlackRock, the world's largest asset management company, issued a warning at the 2025 Forbes Summit, stating that the United States will be "drowning" in debt unless methods 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 the current $36 trillion, and the upcoming tax legislation is expected to add another $2.3-2.4 trillion. He emphasized that the U.S. will face a severe crisis if it cannot achieve a 3% annual real growth rate. Despite the grim situation, Fink proposed solutions including releasing more private capital, simplifying licensing procedures, rebuilding infrastructure, and addressing the anticipated shortage of 500 thousand electricians. He stated that the foundation for growth still exists, but if the U.S. continues to linger around 2% economic growth, the national debt will eventually overwhelm the country. (The Daily Hodl)