U.S. House Democratic Leader Jeffries Says Expects Republicans To Keep A Promise Of At Least 150 Republican Votes For Debt Limit Bill
Portfolio Pulse from Happy Mohamed
U.S. House Democratic Leader Jeffries expects at least 150 Republican votes for the debt limit bill, potentially averting a government default.
May 30, 2023 | 6:49 pm
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POSITIVE IMPACT
The expected Republican support for the debt limit bill may help avert a government default, potentially stabilizing the market and benefiting SPY.
The debt limit bill is crucial to prevent a government default, which could have negative consequences on the market. If the bill passes with bipartisan support, it may help stabilize the market and reduce uncertainty, which could benefit the SPY ETF as it tracks the S&P 500 index.
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IMPORTANCE 70
RELEVANCE 50