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Posts tagged as “The White House Council of Economic Adviser”

CEA Identifies Three Potential Scenarios of Economic Fallout from Debt Ceiling Standoff

Key takeaways: The White House Council of Economic Advisers (CEA) identified three potential scenarios of varying severity that could result from the current debt ceiling standoff. The CEA warned that a protracted default would result in a Great Recession-like doomsday scenario. Experts warn that failing to give Treasury more borrowing room before it defaults would have catastrophic fallout. The White…