
BlackRock’s Rick Rieder on Bitcoin, the Fed and His Big Worry in 2024
WSJ's Take On the Week
Concerns about the US National Debt and its Long-Term Implications
The head of BlackRock's global asset team shares his worries about the US national debt in the long term, highlighting the growing debt service and escalating interest expense that could consume a significant portion of the country's fiscal spend. He emphasizes the need to bring down the debt and reduce borrowing costs to prevent it from becoming a major problem for the economy.
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