US Senate Democrats Negotiating Deal For Vote On One Amendment To Stopgap Funding Bill Averting Gov. Shutdown, Paving Way For Bill Passage On Wednesday
Portfolio Pulse from Benzinga Newsdesk
US Senate Democrats are reportedly negotiating a deal to allow a vote on one amendment to the stopgap funding bill, which would prevent a government shutdown. This negotiation is expected to facilitate the passage of the bill on Wednesday, according to a source familiar with the matter as reported by Reuters.
November 15, 2023 | 8:02 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) may be indirectly affected by the news as it reflects investor sentiment regarding the overall US economy and government stability.
While the SPY ETF is not directly mentioned in the article, it is sensitive to major political and economic developments. A successful deal to prevent a government shutdown could maintain market stability and investor confidence, potentially having a neutral to slightly positive impact on SPY in the short term. However, the outcome is still uncertain, and the market may have already priced in the expectations of a resolution.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50