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#quickly — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #quickly, aggregated by home.social.

  1. ECB urges banks to brace quickly for AI-assisted cyberattacks

    An exterior view of the European Central Bank (ECB). Banks need to brace for future AI models that…
    #Europe #EU #EuroZone #ai-assisted #banks #brace #cyberattacks #ECB #EuroArea #Eurozone #quickly
    europesays.com/europe/40577/

  2. The Potential Economic Impacts of Various Debt Ceiling Scenarios | The White House

    New analyses by both the Congressional Budget Office and the U.S. Department of the Treasury suggest the United States is rapidly approaching the date at which the government can no longer pay its bills, also known as the “X-date.”

    History is clear that even getting close to a breach of the U.S. debt ceiling could cause significant disruptions to financial markets that would damage the economic conditions faced by households and businesses.

    Real time data indicate that markets are #already #pricing in political #brinkmanship related to Federal government #default through higher #risk premia.

    An actual breach of the U.S. debt ceiling would likely cause severe #damage to the U.S. economy. Analysis by CEA and outside researchers illustrates that if the U.S. government were to #default on its obligations—whether to creditors, contractors, or citizens—the economy would #quickly shift into #reverse, with the depth of the losses a function of how long the breach lasted.

    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.

    whitehouse.gov/cea/written-mat