U.S. Senate Votes To Sustain Biden Veto Of Bill Stopping New EPA Limits On Heavy-Duty Truck Emission
Portfolio Pulse from Happy Mohamed
The U.S. Senate has voted to sustain President Biden's veto of a bill that aimed to stop new EPA limits on heavy-duty truck emissions. This decision supports the Biden administration's efforts to combat climate change and reduce pollution.
June 21, 2023 | 4:32 pm
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NEUTRAL IMPACT
The decision to sustain Biden's veto on the EPA bill may have a neutral impact on the broader market, as it is in line with the administration's climate change goals.
The decision to sustain the veto is in line with the Biden administration's climate change goals and is not a surprising development. As such, it is unlikely to have a significant short-term impact on the broader market, represented by the SPY ETF.
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IMPORTANCE 50
RELEVANCE 50