Debt Ceiling Clash Revives Dispute Over Paying Bondholders First

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Debt Ceiling Clash Revives Dispute Over Paying Bondholders First
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The debt-ceiling fight has renewed debate over whether the U.S. should pay some bills and delay others if the cap is breached

has renewed a debate over whether the government should pay some bills and delay others if the White House and Congress fail to raise the cap before it is breached.

to prevent a default on the debt and to minimize any harm to the financial system. That would mean delaying payment of other government obligations, such as bills for transportation, agriculture and education programs.

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