Goldman Sachs CEO Warns of U.S. Debt ’Reckoning’ Amid Economic Uncertainty
Goldman Sachs CEO David Solomon issued a stark warning about the sustainability of U.S. government debt during remarks at the Economic Club of Washington, D.C. The national debt has ballooned 443% since 2008, now standing at $38 trillion. "If we continue on the current course...there will be a reckoning," Solomon stated, highlighting pandemic-era spending as a key accelerant.
While acknowledging near-term economic resilience, Solomon cautioned that a future recession could exacerbate debt risks. The comments come as investors increasingly view cryptocurrencies like BTC and ETH as hedges against fiat currency debasement. Major exchanges including Coinbase and Binance have reported growing institutional interest in crypto assets during periods of macroeconomic instability.
