Treasurers adopt contingency plans amid default possibility

10/16/2013 | CFO.com

Treasurers are bracing for a default of U.S. debt in the absence of a congressional agreement to raise the debt ceiling. Contingency plans focus on hoarding liquidity and working capital in case the short-term credit market is disrupted. VF, for example, has issued commercial paper to get through the end of the year.

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