McCarthy Says "the Court Called Out Pelosi In Its Decision:'People Think That The President Of The United States Has The Power For Debt Forgiveness.he Does Not.he Can Postpone.he Can Delay.but He Does Not Have That Power.That Has To Be An Act Of Congress'
Portfolio Pulse from Happy Mohamed
The court has clarified that the President of the United States does not have the power for debt forgiveness, but can only postpone or delay it. This power lies with the Congress.
June 30, 2023 | 4:11 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The court's decision may impact SLM as it could affect the company's loan repayment schedules.
As a student loan company, SLM could be affected by changes in debt forgiveness policies. However, the impact is uncertain as it depends on the actions of Congress.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
The court's decision may impact SoFi as it could affect the company's loan repayment schedules.
As a finance company, SoFi could be affected by changes in debt forgiveness policies. However, the impact is uncertain as it depends on the actions of Congress.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
The court's decision may have a broad impact on the market, potentially affecting the SPY ETF.
As an ETF that tracks the S&P 500, SPY could be affected by broad market changes resulting from shifts in debt forgiveness policies. However, the impact is uncertain as it depends on the actions of Congress.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50