A.M. Edition for May 31. The stock market may be riding high, but down below, debt markets are creaking under the strain of rising interest rates. WSJ credit reporter Matt Wirz explains whether worrying trends in real estate, consumer debt, and bankruptcies spell trouble for the broader economy. Plus, House committee members advance a deal to raise the U.S. debt limit. And China warns of AI’s risks as it invests billions into the technology. Luke Vargas hosts.

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