President Biden Says Had Made No Judgment Yet On Whether He Would Veto The Stop-Sap Spending Bill; Says Let's See What Negotiators Come Up With
Portfolio Pulse from Benzinga Newsdesk
President Biden has not yet decided whether to veto the Stop-Sap Spending Bill, indicating he will wait to see the outcome of negotiator discussions.

November 13, 2023 | 7:26 pm
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NEUTRAL IMPACT
The uncertainty around the Stop-Sap Spending Bill and President Biden's decision may lead to market volatility affecting SPY.
The Stop-Sap Spending Bill's potential veto by President Biden could have implications for government spending and economic policy, which are factors that can influence market sentiment and the performance of broad market ETFs like SPY. However, without specific details on the bill's provisions or the likelihood of a veto, the impact remains uncertain in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50