Known as payment prioritisation, this would stave off a default by paying interest on bonds and cutting back even more from other obligations.

被称为优先支付，这将通过支付债券利息和削减更多其他债务来避免违约。

It's when the earnings from your investments — including dividends and price growth from stocks, or interest on bonds and CDs — get added to your investment pile.

就是当你的投资收益——包括股票的股息和价格增长，或者债券和存单的利息——被添加到你的投资财产中。

If the government were to aim for one additional layer of prioritisation—making social-security payments to pensioners, plus covering interest on bonds—it would have to cut other expenditures by about one-third.

如果政府的目标是增加一层优先事项——向养老金领取者支付社会保障金，并支付债券利息——它就必须将其他支出削减约三分之一。