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At close · Thu, Oct 22, 2026
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Ken Griffin urges growth reforms as US debt reaches $40tn

Citadel founder Ken Griffin has warned that the US faces an increasingly unsustainable fiscal trajectory, calling for productivity-driven economic growth and reforms across Europe to address mounting debt pressures, according to a report by Fortune. Speaking at the Citadel Securities Future of Global Markets conference in New York, Griffin said the US government's fiscal position was "clearly not in order", following confirmation that the federal budget deficit reached $2tn in fiscal 2026, with interest payments accounting for more than half that amount. The hedge fund billionaire argued that

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