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Debt Default Would Cripple U.S. Economy, New Analysis Warns

The New York Times – Business:

As President Biden prepares to release his latest budget proposal, a top economist will warn lawmakers that Republicans’ refusal to raise the nation’s borrowing cap could put millions out of work.

Jim Tankersley
Author: Jim Tankersley

This post first appeared in The New York Times – Business. Read the original article.

Written by

Jim Tankersley

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Economic Conditions and Trends, Federal Budget (US), House of Representatives, Labor and Jobs, Moody’s Corporation, National Debt (US), Recession and Depression, Republican Party, Senate Committee on Banking, United States Economy, United States Politics and Government
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