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Download XviD4PSP - the '5-Series' version: Version: 5.10.346 (5. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Easy use and high quality program for converting videos for PSP, PS3, iPOD, BlackBerry and PC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account The White House projections are similar to ones made by Moody’s Analytics, which warned in March that a lengthy default could cost more than 7 million jobs. The unemployment rate, in that situation, would spike by five percentage points.Ī White House spokesperson said the protracted default scenario envisions a three-month long impasse. The White House economists say the worst-case scenario is a “protracted” default that wipes out 8.3 million jobs, plunges GDP by 6.1 percentage points and sends the stock market crashing nearly in half. In a short default, the economy would suffer the loss of about half a million jobs and the unemployment rate would rise by 0.3 percentage points.
The report estimates the impact under three scenarios: brinksmanship, a short default and a protracted default.Įven a brinksmanship scenario, where a default is avoided, would wipe out 200,000 jobs and knock 0.3 percentage points off annual gross domestic product, according to the Biden administration. Easy to Use Seek to any point in the video and mark that as the beginning or end of the clip. Cut Any Video Our video cutter supports more than 40 video formats including MP4, MOV, AVI, and WebM. Select a trim for the cut Click the Trim Video button to cut the video.
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Treasury Secretary Janet Yellen said the US could default on its debt as soon as June 1 if Congress doesn’t act. How to Trim a Video Click the Choose Video button to upload your video. “A protracted default would likely lead to severe damage to the economy, with job growth swinging from its current pace of robust gains to losses numbering in the millions,” the White House economists said. The new projections, published in a blog post by the White House Council of Economic Advisers, make clear the enormous stakes behind a potential breach of the debt ceiling. White House economists warned on Wednesday that a protracted debt default would cause the loss of more than 8 million jobs and cut the stock market in half.
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