Rubenstein, Schwarzman Downbeat on U.S. Economy

(Reuters) - The heads of two of the world's most powerful private equity firms issued a dire report on the U.S. economy on Wednesday, signaling problems for political leaders and their own firms' ability to realize profit on their portfolios. "We never really emerged from the last recession," Carlyle Group co-founder David Rubenstein said at a breakfast session at Lincoln Center that also featured Blackstone Group Chief Executive Stephen Schwarzman. "It will last a few more years before we get unemployment to a level that is tolerable," Rubenstein said.

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