Yellen Said Legal Uncertainty And Tight Time Frame Complicate Use Of 14th Amendment
Portfolio Pulse from Charles Gross
Treasury Secretary Janet Yellen stated that legal uncertainty and a tight time frame complicate the use of the 14th Amendment to address the debt ceiling issue.
May 21, 2023 | 2:18 pm
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Legal uncertainty and tight time frame surrounding the use of the 14th Amendment to address the debt ceiling may cause market volatility.
The legal uncertainty and tight time frame mentioned by Yellen may lead to increased market volatility as investors react to the potential implications of the debt ceiling issue. This could negatively impact the SPY ETF, which tracks the S&P 500 index, as it is a broad representation of the US stock market.
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