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Biden's eco advisers say protracted US default could result in loss of 8.3mn jobs

Biden's eco advisers say protracted US default could result in loss of 8.3mn jobs

News
Eamonn Sheridan
03/05/2023 | 21:48 GMT

White House Council of Economic Advisers:

  • protracted US default could result in the loss of 8.3mn jobs and a 6.1% drop in GDP
  • a short default could result in half a million job losses, 0.6% drop in GDP
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