White House Says Biden Supplemental Funding Request Includes $9B For Humanitarian Assistance In Ukraine, Israel, Gaza; Supplemental Funding Request Includes $2B For Indo-Pacific Security Assistance
Portfolio Pulse from Benzinga Newsdesk
The White House has announced that President Biden's supplemental funding request includes $9 billion for humanitarian assistance in Ukraine, Israel, and Gaza, and $2 billion for Indo-Pacific security assistance.
October 20, 2023 | 2:34 pm
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NEUTRAL IMPACT
The S&P 500 ETF (SPY) may be indirectly affected by the White House's announcement of supplemental funding for humanitarian and security assistance.
While the SPY ETF is not directly mentioned or impacted by this news, the supplemental funding could have broader implications for the global economy and geopolitical stability, which could indirectly affect the performance of the S&P 500 and, by extension, the SPY ETF.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20