Categories: Market Overview

Donald Trump is now the third president in U.S. history to be impeached by the House

Democrats on Wednesday night voted for two articles — abuse of power and obstruction of Congress — after eight hours of debate on the House floor, where hundreds of lawmakers traded barbs for and against impeachment.

The historic votes capped a three-month inquiry by House Democrats into Trump’s dealings with Ukraine. But the impeachment process is far from over: The proceedings now move to a trial in the Senate, which holds the final authority on whether to convict Trump and remove him from office, or to acquit him.

Republicans hold a 53-47 edge in the chamber. Conviction and removal requires 67 votes. No Senate Republicans have signaled that they would vote to convict Trump.

Here’s what to expect: House lawmakers may be passing the impeachment reins to the Senate, but they still have business to take care of. After the votes to impeach Trump, House Democrats will select so-called impeachment managers to appear before the Senate during the trial and share findings from their inquiry.

House managers have historically been members of Congress, who assume the role of prosecutors in the Senate trial. For instance, 13 Republicans from the House Judiciary Committee acted as the managers in then-President Bill Clinton’s Senate trial, presenting their case for his removal over three days.

Donald Trump is now the third president in U.S. history to be impeached by the House, CNBC, Dec 19
The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

EURCHF Wave Analysis 20 December 2024

- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…

2 days ago

USDCHF Wave Analysis 20 December 2024

- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…

2 days ago

The US dollar ends the year on a strong note

The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…

2 days ago

How deep will crypto dive?

The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…

2 days ago

EURGBP Wave Analysis 19 December 2024

- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…

3 days ago

EURJPY Wave Analysis 19 December 2024

- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…

3 days ago

This website uses cookies