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Debt default would cost 6 million jobs, push jobless rate to 7 percent: analysis

Por: The Hill Politics January 24, 2023

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The U.S. economy could suffer an economic hit comparable to the 2007-08 financial crisis and recession if the federal government defaulted on its debt, according to released Monday. Mark Zandi, chief economist for Moody’s Analytics, estimated that the U.S. would lose 6 million jobs, $12 trillion in household wealth and 4 percent of gross domestic product (GDP) if Congress and the White House fail to raise the federal debt limit before the U.S.... + full article



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