Debt default would cost 6 million jobs, push jobless rate to 7 percent: analysis
https://thehill.com/policy/finance/3827152-debt-default-would-cost-6-million-jobs-push-jobless-rate-to-7-percent-analysis/
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. runs out of cash. The unemployment rate would also rise to at least 7 percent, up from the December 2022 rate of 3.5 percent.
