Secretary Of The Treasury Yellen Says Debt-limit Measures Could Still Run Out Soon As June 1
Portfolio Pulse from Benzinga Newsdesk
Treasury Secretary Yellen warns that debt-limit measures could run out as soon as June 1, potentially impacting the US economy and financial markets.
May 22, 2023 | 8:20 pm
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The potential exhaustion of debt-limit measures by June 1 could negatively impact the US economy and financial markets, including the SPDR S&P 500 ETF (SPY).
The exhaustion of debt-limit measures could lead to uncertainty in the US economy and financial markets. As SPY tracks the S&P 500 Index, it is likely to be negatively impacted by any market-wide downturn resulting from this news.
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