Debt ceiling breach could wipe out 8 million jobs, White House warns.

jboldeniv

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Debt ceiling breach could wipe out 8 million jobs, White House warns.

05-04-2023, 04:59 PM

A wipe out of 8 million jobs? That's alot of jobs.

Debt ceiling breach could wipe out 8 million jobs, White House warns

https://www.yahoo.com

WASHINGTON - White House economists said in a new analysis released Wednesday that an extended breach of the nation's borrowing limit could wipe out more than 8 million jobs and cause "severe" economic damage, as lawmakers run out of time to resolve the fiscal impasse. In the report, the White House Council of Economic Advisers compared the potential economic impact of a debt ceiling breach to the 2008 Great Recession, in which economic growth contracts sharply and unemployment surges. The night
Tags: 8 million jobs, debt ceiling breach

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