Archive

White House and OMB discuss contingency plans if U.S. goes into default

Nobody wants to push America into default, but the ongoing stalemate has some White House officials preparing for Aug. 3, and the worst.

articles/2011/07/14/white-house-and-omb-discuss-contingency-plans-if-u-s-goes-into-default/debt-plan-white-house-stone_lvzyqg
Mandel Ngan, AFP / Getty Images

Got a tip? Send it to The Daily Beast here.