House Leader Steve Scalise Tells Lawmakers Weekend Recess Will Begin Thursday As Planned, As Debt Ceiling Talks Continue, Lawmakers Should Be Ready To Return In Case Of Deal
Portfolio Pulse from Charles Gross
House Leader Steve Scalise announced that the weekend recess will begin on Thursday as planned, despite ongoing debt ceiling talks. Lawmakers are advised to be ready to return in case a deal is reached.
May 24, 2023 | 9:20 pm
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NEGATIVE IMPACT
The weekend recess announcement amid debt ceiling talks may cause uncertainty in the market, potentially impacting the SPY ETF.
The ongoing debt ceiling talks and the possibility of lawmakers returning in case of a deal create uncertainty in the market. This uncertainty may lead to short-term fluctuations in the SPY ETF, which tracks the S&P 500 index and is sensitive to market changes.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50