U.S. House Democratic Leader Jeffries Says He Will Support Debt Ceiling Bill
Portfolio Pulse from Benzinga Newsdesk
U.S. House Democratic Leader Jeffries announced his support for the debt ceiling bill, potentially easing concerns over a government default.
May 31, 2023 | 3:20 pm
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Jeffries' support for the debt ceiling bill may ease concerns over a government default, potentially providing stability for the SPY ETF.
Jeffries' support for the debt ceiling bill reduces the risk of a government default, which could have led to market instability and negatively impacted the SPY ETF. With this support, the likelihood of a default decreases, potentially providing stability for the SPY ETF in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50