The debt ceiling bill's progression in the Senate is an important factor for the overall market sentiment. As the SPY ETF is designed to track the performance of the S&P 500, any positive or negative news regarding the debt ceiling bill can impact the ETF's performance. In this case, Schumer's announcement to bring the bill to the floor as soon as possible may be seen as a positive development, potentially leading to a short-term positive impact on the SPY ETF.