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U.S. Default This Fall Would Cost 6 Million Jobs, Wipe Out $15 Trillion in Wealth, Study Says



Photo of the Capitol at sunset in Washington
If Congress fails to increase the debt limit, the Treasury would be unable to pay debts as they come due. (AP Photo/J. Scott Applewhite)
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According to a new analysis, the United States could plunge into an immediate recession if Congress fails to raise the debt ceiling and the country defaults on its payment obligations this fall.

Read More at The Washington Post

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