Asian stocks mixed as markets watch for Biden stimulus plan

Daniel Fowler
January 13, 2021

The market's record-setting run means stocks and other investments are even more expensive, leaving critics to say they've gone too high. "We can not afford to wait one more minute".

"This is a time of emergency".

Schumer added he believes the Senate should "vote to convict Donald Trump and get him out of office now before any further damage is done".

But before the House passed the resolution in a largely party-line vote of 223-205, Pence sent a letter to Speaker Nancy Pelosi (D-Calif.) making clear that he has no intention of invoking the 25th Amendment, claiming such a move would "set a bad precedent".

"There is a broad consensus in our caucus that this president must be impeached and removed from office".

Somewhat notably, the report also reveals that House Minority Leader Kevin McCarthy has "asked other Republicans whether he ought to call on Mr. Trump to resign in the aftermath of last week's riot at the Capitol".

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Trump is to face a single impeachment charge: "incitement of insurrection". Biden acknowledged that an impeachment trial after he takes the oath of office could slow down his push for additional stimulus.

Democrat Senator Joe Manchin is giving his party the sobering reality check they desperately need during their impeachment fervor. The Washington Post reported Monday that Biden, "scrambling to ensure the effort does not bog down the start of his tenure, pressed the Senate on whether it could simultaneously hold a trial of the president and pass urgently needed bills".

Schumer said during a press conference in New York City that a 2004 law allows the majority and minority leaders to bring the Senate back from a recess and he would support such a move.

CNN noted that Trump and McConnell have not spoken since the January 6 siege on the Capitol, and The Washington Post reported that McConnell had ignored the president's calls the week before.

While Democrat leaders seem intent on impeaching Trump a second time for no legitimate reason, there are some in the Democratic caucus who aren't fully on board, hoping instead to have Congress focused on Biden's left-wing agenda.

"McConnell claims he needs unanimous consent, the agreement of all 100 senators, but it's not so", the Democrat said.

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