President Biden Said He Feels Good About Prospects For Passage Of Debt Ceiling Deal
Portfolio Pulse from Charles Gross
President Biden expressed optimism about the prospects for the passage of a debt ceiling deal, which could prevent a potential default on U.S. government debt.

May 29, 2023 | 6:49 pm
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POSITIVE IMPACT
The passage of a debt ceiling deal could stabilize markets and have a positive impact on the SPY ETF.
A debt ceiling deal would prevent a potential default on U.S. government debt, which could have significant negative consequences for the economy and financial markets. The passage of a deal would likely stabilize markets and reduce uncertainty, leading to a positive impact on the SPY ETF, which tracks the S&P 500 index.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 50