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Wednesday, June 24, 2026

The White House warned that a debt ceiling crisis could be just as bad as the Great Recession — and there’d be no way for the government to help anyone out

The White House is sounding the alarm about what economic horrors the country might see without action on the debt ceiling. An analysis from the White House Council of Economic Advisers probes what a default on the nation’s debt might look like. It would be an unprecedented economic catastrophe, and …

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