President Biden Says Money Was Appropriated For The Border Wall, Has To Be Used; I Can't Stop Appropriated Funds For Border Wall; Asked If Border Wall Works, Biden Says No
Portfolio Pulse from Benzinga Newsdesk
President Biden has stated that funds appropriated for the border wall must be used, as he cannot stop these funds. However, he also mentioned that he does not believe the border wall works.
October 05, 2023 | 4:24 pm
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NEUTRAL IMPACT
The news does not directly impact SPY as it is a broad-based ETF and the news is more related to regulatory and political issues rather than specific economic or corporate events.
The news is more of a political nature and does not directly affect the economic or corporate fundamentals that drive the SPY ETF. Therefore, the impact is expected to be minimal.
CONFIDENCE 90
IMPORTANCE 10
RELEVANCE 10