{
  "id": 3501270,
  "title": "'Day of reckoning': Moody's economist Mark Zandi warns that conditions for economic crisis are falling in place for US",
  "url": "https://urgent.news/2026/08/26/day-of-reckoning-moodys-economist-mark-zandi-warns-that-conditions",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T11:30:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/economy/articles/day-reckoning-moodys-economist-mark-113000488.html"
  },
  "original_language": "en",
  "account": "Moody's Analytics Chief Economist Mark Zandi expressed growing concern over the potential for the U.S. to unknowingly enter an economic crisis. He stated that he cannot predict when this \"day of reckoning\" might occur, but emphasized that the necessary conditions for such a situation are coming together. Zandi highlighted that key indicators are all signaling a problem, including the debt-to-GDP ratio surpassing 100% for the first time since World War II and an expansive $2 trillion annual budget deficit. The rising yields on 30-year treasury bonds, which have reached multi-year highs near 5.17%, are exacerbating the situation. Zandi believes that the U.S. could face higher interest rates due to the increasing skepticism of global investors and the erosion of the federal government's fiscal situation. He argued that the U.S. may be forced to address its long-term financial problems due to an external shock, such as rising interest rates, rather than making the necessary changes voluntarily.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}