White House Says 8 Million Jobs Will Be Lost If Us Defaults On Its Debt

Last updated: June 11, 2025, 22:22

White House Says 8 Million Jobs Will Be Lost If Us Defaults On Its Debt

White House economists warned on

The White House published a grim warning that more than eight million jobs could be lost if the US defaults on its debt limit.

White House economists warned on Wednesday that a protracted debt default would cause the loss of more than 8 million jobs and cut the stock market in half. The

A protracted default on U.S. payment obligations could result in the loss of 8.3 million jobs and a 6.1% reduction in economic output, according to an analysis by the

Under a protracted default

White House warns of recession as debt limit fight drags on

Under a protracted default, the most dangerous scenario in which the U.S. fails to raise its borrowing levels for more than three months, roughly 8.3 million jobs would be

White House report: Debt limit default could cost 8.3 million US jobs

The White House economists say

White House economists have warned a prolonged debt default could trigger 8.3 million job losses and the stock market could tumble 45 percent, sparking 'an immediate

The White House economists say the worst-case scenario is a “protracted” default that wipes out 8.3 million jobs, plunges GDP by 6.1 percentage points and sends the

White House economists claim 8 MILLION jobs will be lost and

White House Warns Of Loss Of 8 Million Jobs & Stock Market

White House Warns of Millions of Job Losses, ‘Severe - NTD News

Debt ceiling breach could cut millions of jobs. Here's who would

An extended breach of roughly

An extended breach of roughly two months would bring a massive wave of unemployment, cutting nearly 8 million jobs and pushing the unemployment rate to 7.8%, the

The Council of Economic Advisers says a “protracted” default would cost 8 million jobs and cut the stock market in half and warns that “brinksmanship” comes with costs

White House warns debt default could wipe out 8 million jobs

WASHINGTON

White House details ‘severe damage’ in debt ceiling crisis - NBC

White House warns eight million could lose jobs - Express.co.uk

WASHINGTON (AP)White House economists on Wednesday warned of “severe damage” to the U.S. economy in the event of a debt default, warning that a prolonged