Debt ceiling crisis could cost California hundreds of thousands of jobs. Here’s why ...Middle East

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Debt ceiling crisis could cost California hundreds of thousands of jobs. Here’s why
California stands to lose hundreds of thousands of jobs if the federal government fails to pay its bills. An analysis sees the state unemployment rate climbing from its 4.5% level last month to 6.2% this summer before peaking at 8.7% next spring if Washington continues to be stymied by an inability to suspend or increase the federal debt limit.

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