Moody's chief economist Mark Zandi warns US heading toward 'fiscal reckoning' after $1.99T deficit

Moody's chief economist Mark Zandi warns the US is heading toward a 'fiscal reckoning' after a $1.99 trillion budget deficit in FY2026. Net interest costs hit $1.05 trillion, exceeding the $965 billion spent on defense.

Detected & updated continuously · Source: Nebula