Investor Marc Lasry says big-spending U.S. may be headed for distress


Marc Lasry, co-founder and chief executive officer of Avenue Capital Group.

Adam Jeffery | CNBC

Marc Lasry, who makes his living by investing in distressed companies, thinks the U.S. is potentially heading for that status itself.

Though he’s not sure of the timing and doesn’t expect major problems to happen anytime soon, the billionaire head of the Avenue Capital hedge fund and owner of the Milwaukee Bucks sees high levels of government debt eventually coming back to…


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