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Treasury reportedly making plans for payments in case of debt ceiling breach

By Zach Halaschak
Published May 25, 2023 5:42pm ET
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Treasury reportedly making plans for payments in case of debt ceiling breach
FILE - U.S. Treasury Secretary Janet Yellen takes questions from journalists during a press conference, at the G-7 meeting of Finance Ministers and Central Bank Governors, at Toki Messe in Niigata, Japan, May 11, 2023. (AP Photo/Shuji Kajiyama, Pool, File)

The Treasury Department is reportedly preparing a contingency plan for prioritizing payments on the government’s obligations if stalled negotiations end up with the U.S. breaching its debt ceiling.

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Biden Administration Debt Ceiling Treasury Department