Global central banks have begun forming contingency plans on how they would keep financial markets working if the U.S. defaults on the world’s benchmark debt.

Global central banks have begun forming contingency plans on how they would keep financial markets working if the U.S. defaults on the world’s benchmark debt.

Policy makers discussed possible responses when they met at the International Monetary Fund’s annual meetings in Washington over the weekend, said officials who spoke on condition of anonymity because the talks were confidential. The discussions continued as policy makers headed home.

“Because in the past it’s always been sorted out is […]

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