Treasury Secretary Yellen Said Early June Hard Deadline For Debt Limit Still Holds; Said If Debt Ceiling Not Raised, There Will Be Some Bills That Will Have To Go Unpaid
Portfolio Pulse from Charles Gross
Treasury Secretary Yellen confirmed that the early June deadline for the debt limit still holds. If the debt ceiling is not raised, some bills will have to go unpaid.
May 21, 2023 | 2:17 pm
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The debt ceiling deadline in early June may cause uncertainty in the market, potentially impacting the SPY ETF.
The debt ceiling deadline in early June may lead to unpaid bills if not raised, causing uncertainty in the market. This uncertainty could negatively impact the SPY ETF, which tracks the S&P 500 index, as investors may become more cautious.
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