White House's Office Of Management And Budget Says President Biden Would Veto House Spending Bill On Border Security
Portfolio Pulse from Benzinga Newsdesk
The White House's Office of Management and Budget has announced that President Biden would veto a House spending bill on border security.
September 29, 2023 | 2:01 pm
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NEUTRAL IMPACT
The news of President Biden's potential veto on the House spending bill on border security may cause uncertainty in the market, potentially impacting the SPY ETF.
While the SPY ETF is not directly linked to border security, it is a broad market indicator. Any major political decisions, such as a veto on a spending bill, can cause uncertainty in the market, which can impact the ETF.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50