Treasury forms contingency plan in case no debt deal emerges

07/28/2011 | Bloomberg · Wall Street Journal, The

As the U.S. nears its debt ceiling and lawmakers continue to battle over raising the limit, the Treasury Department plans to prioritize interest payments to government bondholders, an Obama administration official said. The Treasury has not announced the priorities. About $90 billion in government debt will mature Thursday, the Treasury said.

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Bloomberg · Wall Street Journal, The

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