House Speaker McCarthy Said Earlier On Saturday, The White House Had Moved Backward In Debt Ceiling Talks
Portfolio Pulse from Charles Gross
House Speaker McCarthy stated that the White House has moved backward in debt ceiling talks, raising concerns over the US government's ability to avoid a default.
May 20, 2023 | 10:32 pm
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The deadlock in debt ceiling talks may lead to increased market uncertainty, potentially impacting the SPY ETF in the short term.
The deadlock in debt ceiling talks raises concerns over the US government's ability to avoid a default, which could lead to increased market uncertainty. This uncertainty may negatively impact the SPY ETF, which tracks the S&P 500 index, as investors may become more risk-averse and seek safer assets.
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