Moody’s economist Mark Zandi warns: ‘We got a problem’
Mark Zandi, chief economist at Moody's Analytics, warned of a looming economic crisis as the U.S. debt-to-GDP ratio exceeds 100%. With a $2 trillion annual budget deficit and national debt surpassing $40 trillion, investor confidence is declining. Rising interest rates and bond market turmoil are raising urgent fiscal concerns for policymakers.