"A Simple Way For The Democrats To Avoid Default Is To Pass The Limit, Save, Grow Act In The Senate. With Just 9 Days Left To Go, Republicans Remain The Only Ones In Washington Who Have Actually Done Anything To Lift The Debt Limit And Avoid Default"
Portfolio Pulse from Benzinga Newsdesk
Democrats have 9 days to pass the Limit, Save, Grow Act in the Senate to avoid default. Republicans have already taken action to lift the debt limit.
May 23, 2023 | 6:47 pm
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POSITIVE IMPACT
The passage of the Limit, Save, Grow Act could help avoid a default, potentially stabilizing the market and impacting the SPY ETF.
The passage of the Limit, Save, Grow Act could help the US avoid default, which would have a positive impact on the overall market sentiment. As SPY is an ETF that tracks the S&P 500, it would likely be positively impacted by the stabilization of the market due to the avoidance of default.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50