Debt Default Would Wipe Out $15T in Wealth & 6 Million Jobs For Starters | The People's Talk Show

Mark Zandi, the chief economist at Moody’s Analytics, found that a prolonged impasse over the #debtceiling would cost the U.S. #economy up to 6 million #jobs, wipe out as much as $15 trillion in household #wealth, and send the #unemployment rate surging to roughly 9 percent from around 5 percent.

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