US national debt recently hit $38 trillion<\/a>.<\/p>\n![\"Goldman](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/10\/goldman-sachs-ceo-david-solomon-114487930.jpg\")
\u201cI do think over time, this is an issue,\u201d Goldman Sachs CEO David Solomon said Thursday. REUTERS<\/p>\n
\u201cWe should be concerned about this, not sounding an alarm bell,\u201d he said. \u201cBut I do think over time, this is an issue.\u201d<\/p>\n
\u201cThe pandemic played an accelerating role, and it doesn\u2019t seem like we have the ability to pull it back. And so we took in the debt in the last 15 plus years, and since the financial crisis, from $7 trillion to $38 trillion.\u201d<\/p>\n
The US economy has been in pretty good shape, minimizing chances of a recession in the near term,\u00a0Solomon said.<\/p>\n
Despite concerns about the US dollar\u2019s role weakening in the economy, he does not see its status eroding as the global reserve currency.<\/p>\n
![\"A](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/10\/2025-us-government-shutdown-entered-114023879.jpg\")
The US national debt recently hit $38 trillion. The US economy has been in pretty good shape, minimizing chances of a recession in the near term,\u00a0Solomon said. AFP via Getty Images<\/p>\n
\u201cWhen you get around the world, and you look at all the capital flows around the world, global allocators, 50% of their capital is coming into the US,\u201d he said.<\/p>\n
\u201cThey might be hedging the dollar a little bit differently now than they might have been for the last few years, but I think it\u2019s more at the margin\u2026\u00a0it\u2019s something to watch. But I\u2019m not concerned that there\u2019s some fundamental shift.\u201d<\/p>\n
This month, Goldman Sachs\u00a0beat Wall Street expectations for\u00a0third-quarter profit<\/a>\u00a0as investment bankers capitalized on a dealmaking resurgence.<\/p>\n","protected":false},"excerpt":{"rendered":"Goldman Sachs\u00a0CEO David Solomon on Thursday expressed concerns that mounting US government debt will pose more of a…\n","protected":false},"author":3,"featured_media":343898,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[259,64,49062,79,862,80,60978,67,132,68,3642],"class_list":{"0":"post-343897","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-banks","9":"tag-business","10":"tag-david-solomon","11":"tag-economy","12":"tag-goldman-sachs","13":"tag-politics","14":"tag-u-s-debt","15":"tag-united-states","16":"tag-unitedstates","17":"tag-us","18":"tag-wall-street"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115464926007501578","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/343897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=343897"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/343897\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/343898"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=343897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=343897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=343897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}