White House Says Budget Director Young, Others In Direct Communication With House Speaker McCarthy's Office On Government Funding
Portfolio Pulse from Benzinga Newsdesk
The White House has announced that Budget Director Young and other officials are in direct communication with House Speaker McCarthy's office regarding government funding. The news does not provide specific details on the nature of these discussions.
September 13, 2023 | 6:12 pm
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NEUTRAL IMPACT
The news of discussions on government funding between the White House and House Speaker McCarthy's office may indirectly affect SPY. However, the lack of specific details makes it difficult to predict the direction of the impact.
Government funding discussions can have broad implications on the economy and thus, indirectly affect the SPY ETF, which tracks the S&P 500. However, without specific details on the nature of these discussions, it's difficult to predict the direction of the impact.
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