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Reply #9: U.S. Contingency Plan Gives Bondholders Priority (Bloomberg) [View All]

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chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-30-11 12:37 AM
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9. U.S. Contingency Plan Gives Bondholders Priority (Bloomberg)
http://www.democraticunderground.com/discuss/duboard.php?az=post&forum=439&topic_id=1603742&mesg_id=1603742

Beyond that, there seems to be very little agreement or open discussion of what those prioritizing plans would look like.

They were supposed to address that sometime today, according to an earlier Bloomberg report from this morning, but it doesn't look like that happened as things went on today.

Possibly this weekend?

"The Treasury is preparing contingency plans to pay the government’s obligations should Congress fail to raise the borrowing limit in time. Carney said Treasury officials may reveal the plans this weekend."

http://www.bloomberg.com/news/2011-07-29/house-bids-to-salvage-boehner-debt-ceiling-bill-as-democrats-eye-endgame.html


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