In 2011, Obama administration put together contingency plan to prioritize payments..
By Saleha Mohsin and Liz Capo McCormick, Bloomberg|July 14, 2017 at 08:58 AM
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Deep within the Treasury Department sits a once-secret plan written by the Obama administration that could lead to the first-ever default on U.S. debt. Bond traders are worried that Donald Trump’s Treasury secretary may have to use it.
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