It would also jeopardize benefits that support nearly 50,000 veterans in my district, causing delays in the delivery of care and poor health outcomes for our nation's heroes. A default that lasts as little as six weeks would result in nearly 7 million jobs loss, doubling the unemployment rate to 8%. Mr. Speaker, we must focus on keeping America's full faith and credit intact. Thank you, and I yield back. (00:45–00:56)
CLAIM
Asserts that a six-week default would cause nearly 7 million job losses and double the unemployment rate to 8%.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
