If the U.S. government defaults on its debts, the District could once again find itself under the thumb of the control board, D.C. Chief Financial Officer Natwar Gandhi warned on Wednesday.

 In September, city officials will head to Wall Street and ask for $900 million in short-term bonds that will supply the District with cash-on-hand it needs to meet payroll, and other bills. But if the U.S. government defaults, there’s serious risk that government’s across the country will see their bonds downgraded. If D.C. is among those, it may not be able to get the cash it needs to meet the $500 million in monthly bills. 

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