According to a study, the financial consequences might harm the economy so severely that Unemployment could increase to 7% if Republicans and Democrats are unable to come to an agreement on the nation’s Debt Ceiling.

According to research released this week by Moody’s Analytics chief economist Mark Zandi, a rise of that scale would result in the loss of employment for 6 million people. His projection demonstrated that the most recent Debt limit dispute may cause serious economic harm if it wasn’t addressed, including doubling the country’s current unemployment rate of 3.5%.

Learn more: https://www.thebalancemoney.com/debt-ceiling-debacle-could-double-unemployment-7098837