U.S. Debt Default Looms Over Everyday Investors

A.M. Edition for May 16. There are now tentative signs of progress toward a deal that would raise the U.S. debt ceiling as President Biden and top lawmakers prepare to meet at the White House today. But as Journal editor Alex Frangos explains, the risk of a default is sparking concern in the markets, as Treasury holders worry they won’t get some of their money back right away. Plus, the WSJ’s Ruth Simon describes why America’s small businesses are slowing hiring. And reporter Mike Colias discusses how automakers are getting into mining to meet EV demand. Luke Vargas hosts.

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