Premarket stocks: Wall Street’s ‘fear gauge’ is rising as US debt talks drag on

Written by on May 16, 2023

New York(CNN) The United States government is inching closer to its so-called debt ceiling X-date, when the Treasury could run out of cash and extraordinary measures to pay all government obligations, and both political parties remain at odds with no concrete solution to avoid a default.

And while the odds of the US government actually defaulting on its debt still remain relatively low — it would



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