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US debt default would lead to job losses across the country

U.S. debt default would lead to nationwide job losses – Reuters

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About 1.5 million Americans are expected to be out of work if the United States defaults on its debt in the near term. This would happen within a week of exceeding the cap. Right now, the US is on track to run out of credit on June 1. Irina Ivanova, associate editor of CBS MoneyWatch, has more.

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