US default would wipe out nearly 6 million jobs, Moody's says...


CNN | 2021-09-22 14:29 UTC

A US default would be a "catastrophic blow" to America's economic recovery from Covid-19, setting off a downturn that would rival the Great Recession, Moody's Analytics warned in a new report. If the US defaults on its debt payments and the impasse drags on, the ensuing recession would wipe out nearly 6 million jobs and lift the nation's unemployment rate to nearly 9%, Moody's projected in a report published Tuesday.

By Anonymous Submission on 2021-09-23 03:45 UTC
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