House Speaker McCarthy Says He Believes The Debt Ceiling Package Being Negotiated Now Would Be Acceptable To A Majority Of House Republicans
Portfolio Pulse from Benzinga Newsdesk
House Speaker McCarthy believes that the debt ceiling package being negotiated now would be acceptable to a majority of House Republicans, according to Bloomberg.
May 22, 2023 | 6:33 pm
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POSITIVE IMPACT
The debt ceiling package being negotiated may be acceptable to a majority of House Republicans, potentially reducing uncertainty in the market.
If the debt ceiling package is accepted by a majority of House Republicans, it could lead to a resolution of the debt ceiling issue, reducing uncertainty in the market. This may have a positive short-term impact on the SPY ETF, which tracks the S&P 500 index.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50