economists on Wednesday warned of 'severe damage' to the U.S. economy in the event of a debt default, warning that a prolonged default could cause 8.3 million job losses and the to tumble 45 percent, sparking 'an immediate, sharp recession on the order of the Great Recession.' are. Biden insists that is not on the table.'MAGA House Republicans voted on an extreme proposal to limit oversight of wealthy tax cheats, save billions in giveaways for Big Oil, grow everyday costs for hardworking Americans who have to foot the bill,' the president tweeted on Wednesday.
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