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- A Moody's analysis said GOP spending cuts in a debt ceiling increase could cost Americans 2.6 million jobs.
- Sen. Elizabeth Warren cited the report in a letter to Biden, saying Republicans are risking a recession.
- Negotiations to raise the debt ceiling aren't making much progress, with a default potentially as soon as 4 months away.
A recession — and millions of jobs losses — could be on the horizon if Congress doesn't reach a clean deal to raise the debt ceiling.