President Biden Is Expected To Sign An Executive Order Tuesday That Would Ban Migrants Who Cross The Border Illegally From Claiming Asylum, Allowing Them To Be Quickly Deported Back To Mexico Or Their Home Countries, According To Officials Familiar With The Planning
Portfolio Pulse from Benzinga Newsdesk
President Biden is expected to sign an executive order that bans migrants who cross the border illegally from claiming asylum, allowing for their quick deportation back to Mexico or their home countries.
June 03, 2024 | 3:53 pm
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NEUTRAL IMPACT
The executive order on immigration policy may have indirect effects on the broader market, as represented by SPY, due to potential changes in labor market dynamics and political sentiment.
While the executive order is significant in terms of immigration policy, its direct impact on SPY is likely to be limited. However, changes in labor market dynamics and political sentiment could have some indirect effects on the broader market.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20