Zandi: Republican debt-limit plan will cost 800,000 U.S. jobs

STORY: In testimony to the Senate Budget Committee, Zandi said U.S. GDP growth would be 1.61% in 2024 if the Republican plan were enacted, compared with 2.23% otherwise, and there would be nearly 800,000 fewer jobs.

Zandi estimated the U.S. Treasury will run out of funds to pay the country's bills by June 8, if the debt limit is not raised.