President Biden Would Veto House Spending Bill On State Department, Foreign Aid, Biden Would Veto House Spending Bill On Homeland Security
Portfolio Pulse from Benzinga Newsdesk
President Biden has indicated that he would veto House spending bills on State Department, Foreign Aid, and Homeland Security, according to Reuters citing the Administration's Office of Management and Budget.
September 22, 2023 | 5:44 pm
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NEGATIVE IMPACT
The potential veto of House spending bills by President Biden could lead to uncertainty in the market, potentially impacting the SPY ETF.
The potential veto of spending bills could lead to a stalemate in the government, causing uncertainty in the market. This could potentially lead to a negative impact on the SPY ETF, which tracks the S&P 500 and is often used as a barometer for the overall U.S. stock market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50