US debt ceiling – analyst warns McCarthy’s plan “meaningfully increases” recession chance | Forexlive

Moody’s with the stark warning on the proposal from House leader McCarthy’s plan to cut spending:

• “would meaningfully increase the likelihood” of a recession
• 780,000 fewer jobs by the end of 2024 compared with a clean debt limit scenario

Link to the note is here for much more: The Debt Limit Drama Heats Up