. >> susie: and, the plight of george bailey symbolizes what many small banks are going through. why it may not be "a wonderful life" for real small bankers. it's "nightly business report" for wednesday, july 20. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. it was a day of watching and wondering on wall street. watching for progress in washington on debt talks. and, tom, wondering what would happen to financial markets if there's no deal by president obama's friday deadline. >> tom: susie, so far the u.s. stock market has been fairly resilient, supported by a steady stream of strong corporate earnings. after yesterday's huge rally, the dow dropped only 15 points today. the nasdaq lost 12 and the s&p 500 slipped almost a point. >> susie: still, many experts say investors should brace for a wild ride if lawmakers are unable to reach a deal and the u.s. defaults on

throw in a kay bailey hutchison who's not running for re-election, and we start seeing who the reid target -- ralph portman, a guy on the other side of this as budget director for george w. bush, who has sympathies about what the debt ceiling really means and what default really means. you start seeing the outlines of where the reid target list is. >> chuck todd in washington for us. luke russert on the hill as well as mike viqueira at the white house. thanks so much. i know it's going to be a long night for all of us. >> triple threat, baby. triple threat. >> it's great to have you guys on board. >> we'll keep you posted. hirrin] sometimes it pays to switch things up. my - what, my hair? no. car insurance. i switched to progressive and they gave me discounts for the time i spent with my old company. saved a bunch. that's a reason to switch. big savings -- it's a good look for you. [ blower whirring ] [blower stops] the safety was off. out there with a better way. now, that's progressive. fiber one. uh, forgot jack's cereal. [ jack ] what's for breakfast? um... try the number one! [ jack ] yeah, this is pretty good. [ male announcer ] half a day's worth of fiber. fibe