[Former U.S. Treasury Secretary: The U.S. Should Develop an 'Emergency Backup' Plan for Treasury Bonds] According to a report by Golden Finance, on April 17, former U.S. Treasury Secretary Henry Paulson stated that U.S. authorities should prepare a backup plan to address a potential collapse in future demand for U.S. Treasury bonds due to prolonged concerns over the federal debt burden—warning that such a scenario would have 'severe and violent' consequences. In an interview on Bloomberg Television's 'Wall Street Week' program (hosted by David Westin), Paulson said: 'We need a "break-the-glass" type of emergency plan that is targeted, short-term, and prepared in advance so it can be activated immediately when we hit the wall.' The interview also touched on topics such as the impact of the Iran conflict and the outlook for U.S.-China relations.