U.S. House Majority Whip Emmer Says Will Have The Votes To Pass Debt Ceiling Bill Wednesday Night, "This Will Pass"
Portfolio Pulse from Happy Mohamed
U.S. House Majority Whip Emmer announced that they will have the votes to pass the debt ceiling bill on Wednesday night, ensuring the government avoids default.

May 31, 2023 | 12:30 pm
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POSITIVE IMPACT
The passing of the debt ceiling bill is expected to have a positive impact on the SPY ETF as it reduces uncertainty in the market.
The passing of the debt ceiling bill reduces the risk of a government default, which would have had negative consequences for the economy and the stock market. This reduction in uncertainty is likely to have a positive impact on the SPY ETF, as it represents a broad market index and is sensitive to changes in market sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75