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The House pushes for Trump’s impeachment

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Miguel A. Rodriguez
Miguel A. Rodriguez
11 January 2021
The fate of Donald Trump is in the hands of Mike Pence

“In protecting our Constitution and our Democracy, we will act with urgency because this President represents an imminent threat to both. The horror of the ongoing assault on our democracy perpetrated by this President is intensified, and so is the immediate need for action,” stated House Speaker Nancy Pelosi yesterday as she announced that the House would proceed with legislation to impeach the incumbent President Donald Trump.

According to Pelosi, the impeachment will be the last resort if the vice president Mike Pence and Cabinet do not invoke the 25th Amendment to remove Donald Trump from office, declaring him “incapable of executing the duties of his office.”

If any Republicans or Democrats are not in favor, Pelosi will again present the resolution for a vote on Tuesday. The impeachment vote could be held as soon as Wednesday. Still, the House could delay the related articles to the Senate given that President-elect Joe Biden must put his cabinet nominees and top legislative priorities in order. However, even if everything goes as planned, the impeachment could not start before January 19, as the Senate is currently in recess.

Joe Biden refrained from making any comments on Pelosi’s decision. However, he stated last week that the quickest way to get Trump out of office would be his inauguration.

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Sources: bloomberg.com, time.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.