U.S. House's McCarthy Says Procedural Vote On Short-Term Funding Measure Delayed To Provide More Time For Negotiations
Portfolio Pulse from Benzinga Newsdesk
The U.S. House's procedural vote on a short-term funding measure has been delayed to allow more time for negotiations, according to House Minority Leader Kevin McCarthy.
September 19, 2023 | 4:01 pm
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NEUTRAL IMPACT
The delay in the procedural vote on a short-term funding measure in the U.S. House may impact the SPY ETF, as it tracks the performance of the S&P 500, which can be influenced by U.S. fiscal policy.
The SPY ETF tracks the performance of the S&P 500, which can be influenced by U.S. fiscal policy. The delay in the procedural vote on a short-term funding measure in the U.S. House introduces uncertainty into the market, which may impact the performance of the SPY ETF. However, the exact impact will depend on the outcome of the negotiations and the final funding measure.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50