President Trump Impeached Again: Washington & Wall Street News - Jan. 14

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It’s Thursday, Jan. 14, and here’s what you need to know before the market opens.

President Donald Trump is the only President in American history to be impeached twice.

The House voted to impeach, which means that the Senate will hold an impeachment trial, although outgoing Senate Majority Leader Mitch McConnell says that won’t happen until after President-elect Joe Biden is inaugurated next week, on Jan. 20.

And this comes as President-elect Biden is preparing to take office next week. He’s expected to unveil a stimulus plan on Thursday evening that could be as big as $2 trillion, per reports by CNN. This package is expected to include another round of direct payments to Americans, as well as increased unemployment insurance and support for both state and local governments.

The markets were responding positively to the news premarket, with Dow futures pointing to an open in the green.

And, finally, in a video released late Wednesday night, President Trump called for nonviolence. As for the insurrection at the Capitol that took place last week, Trump denounced the violence and said that the storming of the Capitol was an incursion that “struck at the very heart of our republic.”

You can follow Katherine Ross on Twitter @byKatherineRoss. Read more from Katherine Ross here.

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