A prolonged default on America’s debt could result in the loss of nearly eight-million jobs, sending Illinois’ unemployment rate above nine percent, according to economists.
The two sides have been in talks all week on the looming debt ceiling.
Then, on June second, $25 billion in social security benefits are due. Add in the rest of that week and another $8 billion in food assistance, Medicaid and tax relief bills could vanish without an agreement.
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