Jeffrey Gundlach, founder of DoubleLine Capital LP.
Adam Jeffery | CNBC
U.S. debt has climbed to an alarming level, according to DoubleLine Capital CEO Jeffrey Gundlach.
"People are starting to realize that the deficit and debt are totally out of control," Gundlach said on CNBC's "Halftime Report" Tuesday.
Gundlach — sometimes known as the "bond king" — runs the $50 billion DoubleLine Total Return Bond Fund. Its five-year performance is one of the best in its category, but lagged most of its peers in 2019 with a gain of just 2%, according to Morningstar rankings.
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