The Latest Breaking News from Mark Zandi

The top 10 richest U.S. billionaires took home 833,631x more money than the typical American home, and inequality could get worse thanks to President Donald Trump’s tax changes, job scarcity, and a looming recession

Sen. Elizabeth Warren (D-MA) is calling out President Donald Trump for failing to deliver on his promise to lower everyday costs for Americans. In a recent post on X, Warren said, “Trump promised to lower costs on ‘day one.’ Instead, families are paying more for groceries, rent, and health care.”

Economist Mark Zandi of Moody's Analytics says two states—New York and California—could determine whether the United States enters a recession, as their economic performance mirrors broader national trends.

Editor's Note: This article has been updated to correctly reflect comments made by Bank of America CEO Brian Moynihan

Sen. Elizabeth Warren (D-Mass.) slammed President Donald Trump’s administration for withholding key economic data as the Federal Reserve makes key interest rate decisions.

On paper, the economy is growing and unemployment is low. But federal government policymakers are behaving like there is an imminent crisis.

“I think the issue is very much that you can’t look at the U.S. as a whole nowadays,” the Bridgewater Associates founder said at the Fortune Global Forum in Riyadh on Monday.

“This state-level picture mirrors the national trend: The U.S. economy is not in recession, but it is struggling to avoid one.”

SEC Chair Paul Atkins said the ongoing government shutdown is starting to impact U.S. markets but highlighted that the agency remains partially operational to keep essential functions running.

The ongoing government shutdown has brought U.S. Army Corps of Engineers projects to a standstill, as the Trump administration weighs canceling over billion worth of projects.

Despite a last-minute Pentagon maneuver to ensure U.S. troops were paid this week, the federal government shutdown continues with no end in sight, prompting Moody’s Analytics Chief Economist Mark Zandi to warn that the impasse could still last for a record “five, six weeks.”