AP Reporter Farnoush Amiri Tweets "McCarthy To Us Just Now Says Biden And WH Is Trying To Bring Medicare And Social Security 'Back Into The Fold,' As A Way 'To Try To Disrupt The Whole Negotiations.'"
Portfolio Pulse from Benzinga Newsdesk
House Minority Leader Kevin McCarthy claims that President Biden and the White House are attempting to bring Medicare and Social Security 'back into the fold' to disrupt ongoing negotiations.
May 23, 2023 | 4:12 pm
News sentiment analysis
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NEUTRAL IMPACT
Potential disruptions in negotiations involving Medicare and Social Security may cause uncertainty in the market.
The news suggests that the White House's actions may disrupt ongoing negotiations, which could create uncertainty in the market. However, the direct impact on SPY is not clear, and the overall market reaction may be mixed.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50