A protracted default on U.S. payment obligations could result in the loss of 8.3 million jobs and a 6.1-percent reduction in economic output, according to an analysis by the White House Council of Economic Advisers released on Wednesday. Such an unprecedented default “would likely lead to severe damage to the economy, with job growth swinging … Continue reading White House report: Debt limit default could cost 8.3 million U.S. jobs