ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

House delivers Mayorkas impeachment articles to Schumer, setting up trial proceedings

The long-awaited articles of impeachment against DHS Secretary Mayorkas were delivered to the Senate on Tuesday, setting in motion a required procedure in the upper chamber.

House impeachment managers officially delivered two articles of impeachment passed against Department of Homeland Security Secretary Alejandro Mayorkas to Senate Majority Leader Chuck Schumer, D-N.Y., shortly after 2:30 p.m. on Tuesday. 

After delaying the planned delivery last week and pushing it to Tuesday, House Speaker Mike Johnson, R-La., directed impeachment managers to bring the long-anticipated articles to the Senate, which will set off a number of procedural actions. 

SENATE DEMS REVEAL MASSIVE $79M AD SPEND TO PROTECT MAJORITY AHEAD OF KEY MATCH UPS

The articles were initially passed in February, but the House held off sending them to the Senate until after the appropriations process was over. 

With custody of the articles, Schumer has urged all senators to be present during the week as they will be sworn in as jurors for the impeachment trial on Wednesday. 

ALABAMA SENATOR SEEKS TO EXPOSE ABORTIONS AT THE DEPARTMENT OF VETERANS AFFAIRS

Once sworn in, it's unclear whether a trial will proceed. Republicans in the Senate have accused their Democratic counterparts of wanting to dismiss the trial, using a motion to table, effectively killing it. And while some Democrats, such as Sen. Tammy Baldwin, Wis., said they haven't heard about plans for their caucus to do this, others have pushed for it. Sens. Jacky Rosen, D-Nev., and Sherrod Brown, D-Ohio, who are both up for competitive re-election races, as is Baldwin, revealed they want to dismiss the impeachment trial. 

TRUMP'S LOAN PROPOSAL FOR UKRAINE AID MAY BE COMMON GROUND FOR COMPREHENSIVE FOREIGN AID PACKAGE

Several Democratic senators prepping for tough re-election battles in November have been considered the factors that will decide whether the trial moves forward. Sens. Bob Casey, D-Penn., Jon Tester, D-Mont., and Baldwin still haven't revealed their plans. Each vote will be critical, as the Senate is divided narrowly 51 to 49, Democrats to Republicans. 

Schumer has not indicated whether Democrats will seek a procedural off-ramp for the trial, as some caucus members have said they would like to see. However, the majority leader said in a recent statement, "We want to address this issue as expeditiously as possible," regarding the articles of impeachment. 

"As I’ve said repeatedly, impeachment should never be used to settle a policy disagreement," Schumer also claimed. "That would set a horrible precedent for the Congress."

The National Republican Senatorial Committee (NRSC) has advised all Republican competitors in key states with vulnerable Democratic incumbents to pressure their opponents in the impeachment trial. If those candidates seeking re-election look to dismiss the trial, Republicans are expected to hold it against them during the campaign. This could be particularly persuasive as the southern border has become an increasingly important issue for voters across the country. 

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.