US House Speaker McCarthy Says Agreement Has 'Historic Reductions In Spending'; Says There Are No New Taxes, No New Government Programs
Portfolio Pulse from Benzinga Newsdesk
US House Speaker McCarthy announced an agreement with 'historic reductions in spending', stating that there are no new taxes or government programs.
May 28, 2023 | 1:14 am
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POSITIVE IMPACT
The agreement on historic reductions in spending without new taxes or government programs may have a positive impact on the overall market.
The announcement of an agreement with historic reductions in spending without new taxes or government programs may lead to a more favorable economic environment, which could positively impact the overall market and the SPY ETF in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50