U.S. House Speaker McCarthy Says He Will Bring Stopgap Government Spending Measure To House Floor This Thursday
Portfolio Pulse from Benzinga Newsdesk
U.S. House Speaker McCarthy has announced that he will bring a stopgap government spending measure to the House floor this Thursday. This move is aimed at preventing a government shutdown.
September 18, 2023 | 6:24 pm
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NEUTRAL IMPACT
The announcement of a stopgap government spending measure could impact the SPY ETF, which tracks the S&P 500 index and is sensitive to U.S. government fiscal policy.
The SPY ETF, which tracks the S&P 500 index, is often influenced by changes in U.S. government fiscal policy. The announcement of a stopgap spending measure could create uncertainty in the market, potentially impacting the ETF's performance in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50