White House Says Biden Administration Urges Congress To Approve The Funding "As Part Of A Comprehensive Bipartisan Agreement In Weeks Ahead"; Wants To Add 1,300 Border Patrol Agents, 1,600 Asylum Officers And 375 Judge Teams
Portfolio Pulse from Benzinga Newsdesk
The Biden administration is urging Congress to approve funding for the addition of 1,300 Border Patrol agents, 1,600 asylum officers, and 375 judge teams. The White House wants this to be part of a comprehensive bipartisan agreement in the coming weeks.
October 20, 2023 | 2:35 pm
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NEUTRAL IMPACT
The Biden administration's request for additional funding could potentially impact the overall market, represented by SPY, depending on Congress' response.
The news does not directly impact SPY, but any major regulatory changes or funding approvals by Congress can have ripple effects on the overall market. The exact impact will depend on the specifics of the funding approval and the market's perception of it.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50