'Biden Administration Pushes To Save Key Covid Programs In Debt Ceiling Talks' - New York Times
Portfolio Pulse from Benzinga Newsdesk
The Biden administration is negotiating with House Republicans to preserve funding for key Covid-19 programs, including $5 billion for next-gen vaccine development and $1 billion for free shots to uninsured Americans, amidst debt ceiling talks. The funds are at risk as Republicans seek spending cuts as a condition for raising the debt limit.
May 23, 2023 | 7:54 pm
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NEUTRAL IMPACT
Debt ceiling negotiations may impact the overall market, including the SPY ETF, as preserving Covid-19 funding could affect government spending and fiscal policy.
The debt ceiling negotiations are not directly related to any specific company or ETF, but they can have an indirect impact on the overall market sentiment and fiscal policy. The preservation of Covid-19 funding could affect government spending, which may influence the performance of the SPY ETF. However, the impact is uncertain and depends on the outcome of the negotiations.
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IMPORTANCE 60
RELEVANCE 50