BlackRock CEO delivers blunt warning on US national debt
thestreet.com • • business
Key Points:
- BlackRock CEO Larry Fink warns that the soaring U.S. national debt, now over $38 trillion, poses a growing fiscal risk that markets are currently underestimating, as attention remains focused on monetary policy and other distractions like AI and politics.
- Rising interest costs on the debt, which reached $355 billion in Q1 fiscal 2026 with rates at their highest since 2009, threaten to crowd out other government spending and could trigger rapid market reactions if investor confidence in U.S. fiscal discipline falters.
- Fink highlights the risk that declining foreign ownership of U.S. Treasuries could increase borrowing costs and interest rates, even if inflation remains contained, creating significant economic pressure.
- Despite these concerns, Fink remains
