President Biden Says I Hope Congress Will Have Acted By The Time I Land In Colorado Later Today; Says We're Going To Deal With Debt Ceiling, Things Are Going As Planned
Portfolio Pulse from Benzinga Newsdesk
President Biden expressed hope that Congress will have acted on the debt ceiling by the time he lands in Colorado later today, stating that things are going as planned.
May 31, 2023 | 5:23 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The debt ceiling resolution could impact the broader market, including the SPDR S&P 500 ETF (SPY), as it may alleviate concerns over a potential default.
A resolution on the debt ceiling would likely have a positive impact on the broader market, including the SPY ETF, as it would alleviate concerns over a potential default by the US government. This would reduce uncertainty and could lead to increased investor confidence, potentially driving up stock prices.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 50