Debt Limit Default Could Cost California More Than 840,000 Jobs: Analysts

Debt Limit Default Could Cost California More Than 840,000 Jobs: Analysts
A view of the U.S. Capitol in Washington on Oct. 6, 2021. Drew Angerer/Getty Images
|Updated:
0:00

With the debt limit debate raging in Washington, D.C., some experts are projecting significant impacts on regional economies if no deal is reached before the June 1 deadline, with more workers in California expected to lose their job than in any other state if the breach is prolonged, according to a recently released report from Moody’s Analytics.

“The timing could not be worse for the economy; even without the specter of a debt limit breach many CEOs and economists believe a recession is dead ahead,” the authors wrote.

Travis Gillmore
Travis Gillmore
Author
Travis Gillmore is a White House reporter for The Epoch Times. He previously covered the California legislature and Gov. Gavin Newsom. Contact him at [email protected]
twitter
Related Topics