House Speaker McCarthy Says We're Not Putting Any Debt Ceiling Plan On U.S. House Floor That Doesn't Spend The Less Than We Spent This Year
Portfolio Pulse from Benzinga Newsdesk
House Speaker McCarthy stated that no debt ceiling plan will be put on the U.S. House floor unless it spends less than the current year's spending, according to a Fox News reporter on Twitter.
May 23, 2023 | 6:00 pm
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NEGATIVE IMPACT
House Speaker McCarthy's statement on debt ceiling plans may create uncertainty in the market, potentially impacting the SPY ETF.
House Speaker McCarthy's statement on requiring debt ceiling plans to spend less than the current year's spending may create uncertainty in the market. This uncertainty could lead to fluctuations in the stock market, potentially impacting the SPY ETF, which tracks the S&P 500 index.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50