House Speaker McCarthy Says 'I Am Not Going To Give Up. I Will Stay With It Until We Solve The Democrats' Spending Addiction'
Portfolio Pulse from Benzinga Newsdesk
House Speaker McCarthy vows to continue fighting against the Democrats' spending addiction, potentially affecting budget negotiations.
May 25, 2023 | 2:16 pm
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NEUTRAL IMPACT
McCarthy's stance on Democrats' spending may lead to prolonged budget negotiations, potentially affecting the market and SPY.
House Speaker McCarthy's commitment to fighting the Democrats' spending addiction may lead to prolonged budget negotiations, which could create uncertainty in the market. This uncertainty may affect the performance of the SPY ETF, which tracks the S&P 500 index. However, the impact is not guaranteed and may be influenced by other factors.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50