(CNN) — As leaders in Washington fail to make progress on a debt ceiling deal, Moody’s Analytics is warning of disastrous implications for American jobs if the United States defaults on its debt for an extended period.
Treasury Secretary Janet Yellen has forecast that the United States could run out of cash and extraordinary measures to pay its bills as soon as early June if Congress does not act.
While most states would be “hit hard” by a debt limit breach, the economic pain would vary from state to state, according to projections released on Wednesday by Moody’s. It would disproportionately […]
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