Top Economist Warns US Is Headed for a ‘Fiscal Reckoning’ as $1.99 Trillion Deficit Pushes Interest Payments Above Defense Spending
The United States government recorded a budget deficit of $1.992 trillion for fiscal year 2026, with federal interest payments exceeding defense spending. Moody’s Analytics Chief Economist Mark Zandi stated this
The U.S. government is spending way more money than it takes in. When the government borrows a lot, interest payments eat up more cash, which can affect how companies and people feel about stocks.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only. Not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.