'White House Asks Congress To Pass Short-Term Spending Deal, Boost Food Aid' - WashingtonPost
Portfolio Pulse from Happy Mohamed
The White House has urged Congress to adopt a short-term measure to fund the federal government and prevent a potential shutdown at the end of September. The Biden administration has also requested additional funding for several programs, including an extra $1.4 billion for nutritional aid for low-income families. Without this additional funding, the Women, Infants and Children nutrition program (WIC) may have to implement waiting lists and cut benefits. The White House has also requested $1.9 billion for the Office of Refugee Resettlement and reiterated its call for another $20.6 billion in emergency aid for Ukraine.
August 31, 2023 | 2:53 pm
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The potential government shutdown and the uncertainty surrounding the funding of several programs could impact the overall market, represented by SPY. The market typically dislikes uncertainty, which could lead to increased volatility.
The potential government shutdown and the uncertainty surrounding the funding of several programs could lead to increased market volatility. This is because the market typically dislikes uncertainty, and these issues could cause investors to become more cautious, leading to sell-offs and increased volatility. As SPY represents the overall market, it could be impacted by these developments.
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