CNN cited Center Executive Director John Mayo on the economic impact of the debt ceiling showdown
CNN interviewed John Mayo, Executive Director of The Center for Business and Public Policy, on how the debt ceiling showdown in Washington could have drastic effects on cities with military bases.
“A default on the federal debt would be an economic disaster in many ways, but it will especially hit cities with high government employment, so military communities around the country are especially vulnerable,” John Mayo, professor of economics, business and public policy at Georgetown University, told CNN.
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US cities with military bases risk economic damage in debt ceiling fight