After crossing swords for months, President Barrack Obama finally signed the two-year government budget deal early this week that lifted the debt ceiling to March 2017 and increased spending limits through September 2017. The deal was also passed by the House and the Senate last week.
The accord has given the American economy a shot in the arm, thrusting it to the positive direction for the first time since 2010, as per Bloomberg. In the past five years, fiscal policies at local, state and federal governments dragged down economic growth. Now, Washington will spend more money over the next two years, boosting fiscal conditions and securing modest GDP expansion.
As a result, a number of sectors will be the direct beneficiaries of the deal while one space will face a blow. Below we highlight them in detail and spell out their related ETFs: