Fmr. Obama Econ. Adviser Furman: Odds of a Recession in Next 18 Months Are Two-Thirds, Three-Quarters, We Can't Add More Debt

On Thursday's broadcast of CNBC's "Squawk Box," Professor of the Practice of Economic Policy at Harvard University and the Harvard Kennedy School Jason Furman, who served as Chairman of the Council of Economic Advisers under President Barack Obama and on the Council of Economic Advisers and the National Economic Council under President Bill Clinton, said that "we need to not really pile any more onto the debt than we already have." And stated that the odds of a recession over the next year-and-a-half are somewhere between two-thirds and three-quarters.