U.S. President Biden Says If We Have A Government Shutdown, A Lot Of Vital Work Could Be Impacted In Science And Health; President Biden, Asked If Government Shutdown Is Inevitable, Says Nothing In Politics Is Inevitable
Portfolio Pulse from Benzinga Newsdesk
U.S. President Biden has warned that a government shutdown could significantly impact vital work in science and health sectors. He also stated that nothing in politics is inevitable, implying that a shutdown is not a certainty.
September 27, 2023 | 7:24 pm
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NEGATIVE IMPACT
A potential government shutdown could impact the overall market, which SPY, an ETF that tracks the S&P 500, represents. The uncertainty could lead to market volatility.
Government shutdowns typically create uncertainty in the market, leading to potential volatility. As SPY tracks the overall market, it is likely to be impacted by such events.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75