Goldman Sachs official tells 'Face the Nation' the risk of recession is 'very, very high'

Goldman Sachs Senior Chairman Lloyd Blankfein told CBS’s “Face the Nation” on Sunday that the risk of the U.S. falling into a recession is ‘very, very high.’

"It’s definitely a risk. If I were running a big company, I would be very prepared for it. If I were a consumer, I'd be prepared for it," Blankfein continued.