Benzinga(@Benzinga):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.

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2026.10.19 23:33

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.

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