White House Official Says McCarthy's Team Had Proposed Additional Nutrition Program Cuts And Annual Funding Caps Three Times Longer Than Any Recent Budget Deal
Portfolio Pulse from Benzinga Newsdesk
A White House official reported that McCarthy's team proposed additional nutrition program cuts and annual funding caps three times longer than any recent budget deal.
May 22, 2023 | 4:23 pm
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NEUTRAL IMPACT
The proposed nutrition program cuts and extended annual funding caps by McCarthy's team may impact the overall market sentiment.
The proposed cuts and extended funding caps by McCarthy's team may lead to uncertainty in the market, potentially affecting investor sentiment. However, the direct impact on SPY is not clear, as it depends on the market's reaction to the news and other factors.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50