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Mark Zandi, main economist at Moody’s Analytics, sounded an alarm ahead of a Senate panel on Thursday around Washington’s ongoing credit card debt-ceiling standoff, even though a conservative specialist testified that most Americans want President Joe Biden to communicate with Republicans about some reductions in government investing.
“This is an specially inopportune time to have a political discussion about the financial debt limit,” Zandi told the Senate Funds Committee as it held a hearing on the Republican-run House’s debt-ceiling invoice.
“Recession…
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