Former Treasury Secretary Henry Paulson warns U.S. needs an emergency ‘break-the-glass’ plan if Treasury demand collapses

former treasury secretary henry paulson warned thursday that the u.s. needs an emergency 'break-the-glass' plan in case demand for treasurys collapses. he urged policymakers to prepare now for a potential crisis in the government bond market. paulson argued such a breakdown could trigger severe consequences across the entire economy.