Lloyd Blankfein can breathe a big sigh of relief.

Neither Goldman Sachs not any employee will be hit with criminal charges over the sale of toxic mortgage debt, the Department of Justice said yesterday.

“After a careful review of the information provided in the report and more than a year of thorough investigation, [we have] determined that, based on the law and evidence as they exist at this time, there is not a viable basis to bring a criminal prosecution with respect to Goldman Sachs or its employees,” the agency said.

The Securities and Exchange Commission similarly passed on civil charges.

The Post reported first back in February that Goldman Sachs and CEO Blankfein had received indication that they were in the clear.

“We are pleased that this matter is behind us,” said a Goldman spokesman, following the Justice and SEC announcements.