U.S. President Donald Trump.
Source: ABC News
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • House Democrats will push ahead with trying to impeach U.S. President Donald Trump for his role in last week’s attack on the Capitol Building
  • The article of impeachment accuses Trump of inciting violence against the U.S. Government following the deadly riot
  • The article will be voted on in the House of Representatives on Wednesday, unless Vice President Mike Pence invokes the 25th Amendment
  • Such a move seems unlikely, as Pence has held off from trying to move Trump from power in the wake on Wednesday’s attacks
  • The impeachment charge comes as the President issues a 13-day “emergency” across Washington, D.C. amid more threats of insurrection
  • The FBI has warned an armed group of Trump followers may continue to stage attacks, especially if the President is removed from office early

Democrats will push ahead with trying to impeach U.S. President Donald Trump for his role in last week’s attack on the Capitol Building.

The article of impeachment accuses Trump of inciting violence against the U.S. Government following the deadly riot on Wednesday local time.

It also accuses of him of making “false statements asserting that the Presidential election results were the product of widespread fraud.”

Impeachment or 25th Amendment?

The article will be voted on in the House of Representatives, which is controlled by the Dems, on Wednesday — unless Vice President Mike Pence invokes the 25th Amendment.

Pence is unlikely to act though, as Republicans have already voted down a separate resolution put forward by the Democrats calling on the VP to invoke the 25th and take over as President.

Speaker of the House Nancy Pelosi said the rejection by the Republicans essentially enables “the President’s unhinged, unstable and deranged acts of sedition to continue.”

“Their complicity endangers America, erodes our Democracy, and it must end,” she added.

“As our next step, we will move forward with bringing impeachment legislation to the Floor.  The President’s threat to America is urgent, and so too will be our action,” Pelosi concluded.

The impeachment will likely clear the House and head to the Senate, however, Senators aren’t sitting again until January 19 — one day before President-elect Joe Biden’s inauguration occurs and Trump’s tenure comes to an end.

At that point, it is likely Republicans would vote down the article, as they have control of the Senate.

Emergency action

News of the impeachment charge comes as President Trump recently issued a 13-day “emergency” across Washington D.C. amid more threats of insurrection.

The order from Trump allows federal agencies to used to keep the Capitol safe over the next two weeks if fighting breaks out over Biden’s inauguration.

The FBI has warned armed protests are being planned across the U.S. by Trump extremists, according to a leaked internal memo.

The agency also warned there may be retaliatory action if the President is impeached or removed from office early.

“The FBI received information about an identified armed group intending to travel to Washington, D.C. on January 16,” the bulletin read.

“They have warned that if Congress attempts to remove POTUS via the 25th Amendment, a huge uprising will occur,” the memo added.

More From The Market Online

Well below US$5K/oz, gold’s surefire status as a safe haven has shifted

In the post-COVID-19 world, it’s almost definitely news to nobody reading this that gold prices have staged a fairly historic run.
The Market Online Video

From the Wire: Why did the RBA cut last year just to walk it all back 12 months later?

The Reserve Bank of Australia made the call to hike interest rates again in CY26, using its second board meeting to bring them
ASX concept

ASX 200 reacts to an RBA 25bps rate hike by… closing somewhat firmly in the green?

Colour me surprised – the ASX200 successfully priced something in for once, with today’s RBA rate hike not scaring the market down into
India Russia flag

Not just AUKUS indexes: USA’s war on Iran visible on India’s NIFTY; Russia’s MOEX

While the Australian market is busy watching Wall Street, gold, and oil prices – and the prices of relevant stocks exposed to those