Laurence D. Fink -- Chairman & CEO, BlackRock, talks to Bloomberg UTV about the growing debt deficit in the US. He says the US debt deficit levels have grown from $300-$400 billion to nearly $1.4 trillion and this is an indication of a bad trend. He feels the US government needs to commit to trim deficit to $4 trillion over a period of 10 years. According to him, the US must also raise debt ceilings.
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