WASHINGTON (AP) — Majority Leader Mitch McConnell on Wednesday rejected a Democratic attempt to swiftly call the Senate into emergency session to hold an impeachment trial of President Donald Trump,
Impeachment momentum could be growing in the Senate, where Majority Leader Mitch McConnell has reportedly told confidants that he believes President Trump crossed the line when he inspired a mob to go to Capitol Hill, touching off a violent siege.
The House of Representatives is expected to vote Wednesday to impeach President Donald Trump, charging him with “incitement of insurrection” for his role in last week’s riots at the Capitol. It’s expected the vote will easily pass the 50 percent threshold needed and that a number of Republicans will join their Democratic colleagues in sanctioning the president.
The Senate would then hold a trial on the article of impeachment. (This trial will not occur until after Joe Biden has been sworn in as president, as Majority Leader Mitch McConnell said the Senate will not reconvene this week. But constitutional experts believe there is no reason Congress can’t convict a president after he has left office and sanctions could include a ban on Trump running for president or holding public office again.) To convict Trump, the Senate would need a two-thirds majority. If every Democrat in the new Senate voted to convict, 17 Republicans would need to join. In Trump’s first impeachment
‘Reckoning’ ahead? Why investors continue to ignore ’emerging market’–style U.S. politics MarketWatch 1/14/2021
MARKET EXTRA
That financial markets aren’t reacting to the political chaos in Washington right now doesn’t mean investors can rest easy.
U.S. assets are “not being traded like an emerging market … even though the politics are becoming more and more like an emerging market,” said Mark Rosenberg, chief executive of political-risk-analysis firm GeoQuant, in an interview after last week’s assault on the Capitol by a violent mob who supported President Trump’s bid to overturn the November election.
The breakdown of U.S. political norms and the damage to institutions has a long history, but, if things don’t change, America’s preeminent position in global financial markets could one day be at risk, Rosenberg and other analysts warned.