US at 'very, very high risk' of recession, says Goldman Sachs chairman Lloyd Blankfein

Goldman Sachs senior chairman Lloyd Blankfein urged companies and consumers to gird for a US recession, saying it’s a “very, very high risk.”

“If I were running a big company, I would be very prepared for it,” Blankfein said on CBS’s “Face the Nation” on Sunday. “If I was a consumer, I’d be prepared for it.”