President Biden Endorses Supreme Court Reforms, Proposing 18-Year Term Limits, Binding Ethics Code, And Constitutional Amendment To Limit Presidential Immunity; Significant Legislative Hurdles Expected
Portfolio Pulse from Benzinga Newsdesk
President Biden has endorsed Supreme Court reforms, proposing 18-year term limits, a binding ethics code, and a constitutional amendment to limit presidential immunity. Significant legislative hurdles are expected.
July 29, 2024 | 6:08 pm
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NEUTRAL IMPACT
The proposed Supreme Court reforms by President Biden could lead to increased market volatility as investors react to potential changes in the judicial landscape and legislative challenges.
The news introduces potential changes in the judicial system, which could create uncertainty in the market. SPY, as an ETF that tracks the S&P 500, may experience fluctuations due to investor reactions to these reforms and the legislative process.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50