Should Markets Worry About the U.S. Credit Downgrade?

P.M. Edition for Aug. 2. Market reaction to the U.S. credit downgrade has been relatively muted. Spencer Jakab, global editor for the WSJ’s Heard on the Street column, says fiscal strains will get harder to ignore. Plus, private-equity and hedge funds are bracing for an overhaul by the Securities and Exchange Commission. SEC reporter Paul Kiernan has the details. And, legal affairs correspondent Jan Wolfe explains why the Justice Department is on trial, too, as it prosecutes former President Donald Trump. Annmarie Fertoli hosts.  Learn more about your ad choices. Visit megaphone.fm/adchoices