Goldman CEO Says US Heading for Debt ‘Reckoning’ If Growth Flags

The mounting level of US debt risks a “reckoning” for the economy if the pace of growth doesn’t improve, according to the chief executive of Goldman Sachs Group Inc.

“If we continue on the current course and we don’t take the growth level up, there will be a reckoning,” David Solomon said at a Thursday interview with David Rubenstein hosted by The Economic Club of Washington. “The path out is a growth path.” The Wall Street chief said he saw a “low” chance of a recession in the near-term.

David Solomon, chief executive of Goldman Sachs, speaks during an Economic Club of Washington event.

Photographer: Al Drago/Bloomberg

Solomon was echoing widespread concerns that the US and other ...