Published Friday, May 19, 2023 at: 10:22 PM EDT
Stock investors are assuming the debt ceiling problem would be resolved. Otherwise, stocks would have plunged this past week.
The major stock indexes declined Friday but were up from a week ago, as the June 1 deadline for a possible default neared. Wall Street was buoyed by positive comments from President Joe Biden about the prospects for Congress to reach an agreement on funding the federal government.
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