http://www.reuters.com/article/2015/05/11/us-usa-debt-idUSKBN0NW1YS20150511
The Federal Reserve drew up extensive plans for handling a U.S. debt
default that included scheduling deferred payments and lending cash to
investors, according to a lawmaker who cited Fed documents.
...
In
a June 2014 letter to Treasury Secretary Jack Lew seen by Reuters on
Monday, Republican Representative Jeb Hensarling of Texas said his staff
had reviewed the Fed's unclassified plans for how to handle a default.
(bit.ly/1GZDmKo)
The plans included scheduling new payment dates for defaulted
securities, Hensarling said in the letter which was also signed by
Republican Representative Patrick McHenry of North Carolina.
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