House Speaker McCarthy Said U.S. House Will Vote On Stopgap Bill To Fund Government Another 45 Days
Portfolio Pulse from Charles Gross
House Speaker McCarthy announced that the U.S. House will vote on a stopgap bill to fund the government for another 45 days, according to Reuters.
September 30, 2023 | 3:05 pm
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NEUTRAL IMPACT
The announcement of a vote on a stopgap bill to fund the government may impact the SPY ETF, which tracks the S&P 500 and is sensitive to U.S. political developments.
The SPY ETF, which tracks the S&P 500, is often influenced by major U.S. political developments. The announcement of a vote on a stopgap bill to fund the government could create uncertainty in the market, potentially affecting the ETF's performance in the short term. However, the exact impact is hard to predict without more specific details about the bill and its potential effects on the economy.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50