US VP Harris, economic advisor Brainard warn of recession if debt default occurs


Reuters | Updated: 18-05-2023 22:43 IST | Created: 18-05-2023 22:43 IST
US VP Harris, economic advisor Brainard warn of recession if debt default occurs

Vice President Kamala Harris and President Joe Biden's top economic adviser, Lael Brainard, said on Thursday that a U.S. debt default would throw the U.S. economy into a recession.

They spoke during a conference call for Democratic activists, urging them to contact their members of Congress to express their opposition to a debt default that could be less than two weeks away.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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