White House Says Biden Administration Tells Congress It Is Preparing Second Supplemental Request To Address Natural Disasters, Affordable High Speed Internet And Maintaining Wildland Fighter Pay
Portfolio Pulse from Benzinga Newsdesk
The Biden Administration has informed Congress that it is preparing a second supplemental request to address natural disasters, affordable high speed internet, and maintaining wildland fighter pay, according to the White House.
October 20, 2023 | 2:34 pm
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NEUTRAL IMPACT
The news may indirectly impact SPY as it tracks a broad market index and government spending can influence overall market sentiment.
While SPY is not directly mentioned, it tracks the S&P 500, a broad market index. Government spending, especially on areas like disaster relief and infrastructure (including internet), can influence overall market sentiment and thus impact SPY. However, the exact impact is uncertain and depends on the specifics of the spending and the market's reaction.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50