U.S. President Biden Says 'Our Bipartisan Budget Agreement Will Reduce The Deficit By More Than $1T Over The Next 10 Years'; 'That's On Top Of The Record $1.7T In Deficit Reduction I Achieved During My First Two Years In Office'
Portfolio Pulse from Benzinga Newsdesk
President Biden announced that the bipartisan budget agreement will reduce the US deficit by over $1T in the next 10 years, in addition to the $1.7T in deficit reduction achieved during his first two years in office.
June 05, 2023 | 6:38 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The bipartisan budget agreement announced by President Biden is expected to reduce the US deficit, which may have a positive impact on the overall market sentiment.
The reduction in the US deficit is generally seen as a positive development for the economy and the stock market. A lower deficit can lead to increased investor confidence, which may result in a positive impact on the overall market sentiment, including the SPY ETF.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50