{"id":33333,"date":"2023-05-04T00:46:32","date_gmt":"2023-05-04T00:46:32","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/white-house-report-debt\/"},"modified":"2023-05-04T00:49:19","modified_gmt":"2023-05-04T00:49:19","slug":"white-house-report-debt","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/white-house-report-debt\/","title":{"rendered":"White House report: Debt limit default could cost 8.3 million U.S. jobs"},"content":{"rendered":"<p>(Reuters) &#8211;     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 White House Council of Economic Advisers released on Wednesday.<\/p>\n<p>Such an unprecedented default &#8220;would likely lead to severe damage to the economy, with job growth swinging from its current pace of robust gains to losses numbering in the millions,&#8221; the council said in the report.<\/p>\n<p>Even a more modest, &#8220;short&#8221; default scenario that is quickly resolved could lead to a loss of 500,000 jobs and a 0.6% reduction in real GDP, the council said.<\/p>\n<p \/>\n<p> (Reporting by David Lawder and Andrea Shalal in Washington; and Leslie Adler)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/white-house-report-debt\/file-photo-career-center-reopens-for-in-person-appointments-in-kentucky-4\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ420Z4-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ420Z4-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; 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 White House Council of Economic Advisers released on Wednesday. Such an unprecedented default &#8220;would likely lead to severe damage to the economy, with job [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":33334,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-33333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ420Z4-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/33333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=33333"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/33333\/revisions"}],"predecessor-version":[{"id":33335,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/33333\/revisions\/33335"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/33334"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=33333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=33333"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=33333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}