Debt Default-Contingency Plans

October 14, 2013 - 12:34 PM
FILE - In this Monday, Aug. 8, 2011, file photo, a statue of former Treasury Secretary Albert Gallatin stands outside the Treasury Building in Washington. The Treasury says it will run out of money to pay its bills if Congress doesn’t increase its borrowing authority by Thursday, Oct. 17, 2013. That includes paying interest and principal on already issued U.S. Treasuries, considered the most secure financial bet in the world. (AP Photo/Jacquelyn Martin, File)