Moody’s chief economist Mark Zandi (@Markzandi) warns the U.S. is heading toward a “fiscal reckoning” after a $1.99T budget deficit in FY2026.
Net interest costs hit $1.05T, exceeding the $965B spent on defense.
Moody's on Friday raised Egypt's long-term debt rating by one notch from Caa1 to B3, also noting a positive outlook, meaning a further upgrade could be considered in coming months.
#EgyptEconomy# #Moodys# #CreditRating# #EconomicOutlook# #PakistanTV#