U.S. House Democratic Lawmaker Introduces Resolution To Force Vote On Expelling Indicted Republican George Santos
Portfolio Pulse from Benzinga Newsdesk
A U.S. House Democratic lawmaker has introduced a resolution to force a vote on expelling Republican George Santos, who has been indicted.
November 28, 2023 | 7:07 pm
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NEUTRAL IMPACT
The resolution to expel George Santos may increase political uncertainty, potentially affecting market sentiment and the SPY ETF.
While the resolution to expel a congressman may contribute to political uncertainty, its direct impact on the SPY ETF, which tracks a broad range of stocks, is likely to be minimal and more sentiment-driven than fundamental.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 50