Bank of America CEO Brian Moynihan warns to prepare for a US debt default and a recession that will drag down corporate earnings

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Brian Moynihan
Brian T. Moynihan, Chairman and Chief Executive Officer of the Bank of America Corporation, speaks during the Bloomberg Global Business Forum in New York City, September 25, 2019. REUTERS/Shannon Stapleton

Shannon Stapleton/Reuters

A US debt default or even a near-nonpayment could plunge the economy into recession, top Goldman Sachs economist says

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The US Capitol is seen in Washington, DC
The US has hit the $31.4 trillion borrowing limit.

(Photo by Stefani Reynolds / AFP) (Photo by STEFANI REYNOLDS/AFP via Getty Images)

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