Get ready to see millions of Americans lose their jobs if Congress doesn't raise the debt ceiling in the next few days
, after which point the government will run out of money to afford federal programs and pay out benefits that millions of Americans rely on, like Social Security.an agreement on Saturday night, and they now have to sell the provisions to their respective parties.
That would translate to"7.8 million jobs lost from peak to trough," Yaros said. Professional and business services would see about 1.4 million job losses in this scenario, and health services would see just under 1 million jobs lost. Other industries would see over half a million jobs lost in this scenario, including construction.
At this point, it's unclear if Congress will reach an agreement before Americans start to experience those consequences. McCarthy told reporters on Thursday that"whenever you're able to get to an agreement, you got to make sure you print it, post it, then you got three days before you vote. We've got time, we're going to get this done."
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