{
  "id": 705905,
  "title": "Bessent said the K-shaped economy 'is over.' Here's what financial experts say",
  "url": "https://urgent.news/2026/08/12/bessent-said-the-k-shaped-economy-is-over-heres-what-financial",
  "topic": "world",
  "section": "World",
  "published": "2026-08-12T22:06:13.000Z",
  "source": {
    "name": "PBS NewsHour",
    "slug": "pbs-newshour",
    "url": "https://www.pbs.org/newshour/economy/bessent-said-the-k-shaped-economy-is-over-heres-what-financial-experts-say"
  },
  "original_language": "en",
  "account": null,
  "summary": "At a time when many Americans remain stressed about affordability, Treasury Secretary Scott Bessent has declared that the U.S. economy is no longer in a \"K shape,\" a term used to describe increasing financial inequality between high- and low-income households.",
  "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."
}