Looser regulation would allow business-led growth to relieve the 'massive' deficit burden, BlackRock chief Larry Fink says

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• The US needs to ease business regulation to escape rising deficit trend, Larry Fink said.
• He told CNBC that Washington's "massive, massive spends" are unaffordable.
• To lower the debt burden, the private sector must be unrestrained and lead growth, he noted.

The US can't hope to escape its rising debt problem if the private sector is overburdened by regulatory red tape, Larry Fink said on CNBC.

The BlackRock...