White House Says U.S. President Biden, House Speaker McCarthy To Meet At 5:30 p.m. On Debt Ceiling
Portfolio Pulse from Benzinga Newsdesk
U.S. President Biden and House Speaker McCarthy are scheduled to meet at 5:30 p.m. to discuss the debt ceiling, according to the White House.
May 22, 2023 | 2:18 pm
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NEUTRAL IMPACT
The meeting between President Biden and House Speaker McCarthy on the debt ceiling may impact the SPY ETF in the short term.
The debt ceiling discussion is an important regulatory issue that can affect the overall market sentiment. As SPY is an ETF that tracks the S&P 500, it may be impacted by the outcome of the meeting. However, the exact impact is uncertain as it depends on the outcome of the discussion and the market's reaction to it.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50