The stock market would plunge 33% if the government defaults: Moody’s

President Joe Biden very often cites research from Moody’s when he is trying to make a point on the U.S. economy. 

He should use the latest from Moody’s Mark Zandi to emphasize any point being made to fellow politicians on both sides of the aisle on the need to get a debt ceiling deal done ASAP. 

“Shutting the government down would not be an immediate hit to the economy, but a default would be a catastrophic blow to the nascent economic recovery from the COVID-19 pandemic,” said Zandi, the…


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