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U.S. House Republican McCarthy launches Biden impeachment inquiry

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McCarthy said Republicans have turned up evidence of phone calls, money transfers and other activity that “paints a picture of a culture of corruption” in Biden’s family.

 
Republican U.S. House Speaker Kevin McCarthy on Tuesday launched an impeachment inquiry into Joe Biden, propelling Congress toward a long-shot effort to remove the Democratic president that follows two impeachments of former President Donald Trump.

McCarthy’s move sets the stage for months of divisive House of Representatives hearings that could distract from lawmakers’ efforts to avoid a government shutdown and could supercharge the 2024 presidential race, in which Trump hopes to avenge his 2020 election loss to Biden and win back the White House.

White House spokesperson Ian Sams said Republicans have turned up no evidence of wrongdoing.

“Extreme politics at its worst,” Sams wrote on social media.

Republicans, who now narrowly control the House, have accused Biden of profiting while he served as vice president from 2009 to 2017 from his son Hunter Biden’s foreign business ventures, though they have not presented substantiation.

“We will go where the evidence takes us,” McCarthy said.

Biden previously had mocked Republicans over a possible impeachment. No U.S. president has ever been removed from office by impeachment, but the procedure – once a rarity – has become commonplace.

Republicans have been investigating Hunter Biden’s business activities for years, and a federal prosecutor is also pursuing criminal tax and firearms charges against the president’s son.

McCarthy said Republicans have turned up evidence of phone calls, money transfers and other activity that “paints a picture of a culture of corruption” in Biden’s family. He did not cite any evidence of misconduct by Biden himself. #JoeBiden #impeachment #Bidenimpeachment

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US–China trade talks are a handshake, not a deal

Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.

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Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.


Presidents Trump and Xi extend their tariff truce in an informal meeting, with US cuts and Chinese promises on soybeans, fentanyl, and rare earths.

Steve Gopalan from SkandaFX cautions this is unofficial and deeper issues between the two super powers remain.

#USChina #TradeTruce #Tariffs #GlobalMarkets #Soybeans #RareEarths #UnofficialDeal #TickerNews


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Markets cautious as rate cut hopes fade

Central banks ease rate cut hopes amid inflation and wobbling tech stocks; markets adjust to Fed’s new stance.

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Central banks ease rate cut hopes amid inflation and wobbling tech stocks; markets adjust to Fed’s new stance.


Central banks pull back on rate cut expectations as tech stocks wobble and inflation pressures persist. Markets adjust cautiously to the Fed’s new tone.

#Markets #Fed #InterestRates #Inflation #TechStocks #CapitalMarkets #TickerNews #Economy #FinancialUpdate


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Trump and Xi strike temporary trade truce after six years

Trump and Xi establish temporary trade truce, reducing tariffs and enhancing U.S. exports amid lingering economic tensions.

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Trump and Xi establish temporary trade truce, reducing tariffs and enhancing U.S. exports amid lingering economic tensions.


President Donald Trump and Chinese leader Xi Jinping have agreed to a temporary trade truce, cutting tariffs and boosting U.S. exports.

Analysts remain cautious, warning deep economic divides still linger.

#Trump #XiJinping #TradeDeal #USChinaRelations #Tariffs #GlobalTrade #Economy #Soybeans #RareEarths #TickerNews


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