'Kevin McCarthy Stares Down GOP Holdouts In Critical Shutdown Vote; Senate Democrats Prepare Own Bill To Head Off Government Shutdown On Oct. 1' - WSJ
Portfolio Pulse from Benzinga Newsdesk
House Speaker Kevin McCarthy is working to avoid a government shutdown on Oct. 1, facing challenges from conservative holdouts and the Democratic-controlled Senate. The outcome of these negotiations could impact the broader market.
September 26, 2023 | 2:45 pm
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NEGATIVE IMPACT
The potential government shutdown on Oct. 1 could impact the broader market, including the SPY ETF.
Government shutdowns can create uncertainty in the market, leading to potential volatility. This could impact the SPY ETF, which tracks the S&P 500 and is a broad representation of the US stock market.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 75