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U.S. House Republican McCarthy launches Biden impeachment inquiry

Published

2 years ago

September 13, 2023

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

Related Topics:Bidenimpeachment impeachment joebiden

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Big Tech earnings spark investor unease over AI spending

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Published

3 days ago

January 30, 2026

Harvey Vargas

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.

Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.

Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.

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Federal Reserve holds interest rates amid economic uncertainty

Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut. #FederalReserve #InterestRates #Economy

Published

4 days ago

January 29, 2026

Harvey Vargas

Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut.

The Federal Reserve has opted to keep interest rates unchanged, marking the first pause since July. Officials are showing little urgency to resume cuts, even after previous rate reductions.

Two Fed governors opposed the decision, calling for a quarter-point cut, highlighting ongoing debates within the rate-setting committee, which includes both appointed governors and regional bank presidents.

Concerns over the job market and persistent inflation continue to weigh heavily on the Fed’s policy decisions, leaving economists and investors closely watching the next moves.

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#FederalReserve #InterestRates #Economy

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Trump warns Iran as U.S. naval forces approach amid rising tensions

Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and tensions rise.

Published

4 days ago

January 29, 2026

Harvey Vargas

Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and rising tensions.

U.S. President Donald Trump has urged Iran to return to nuclear negotiations, warning that failure to do so could result in a far more severe military response. Posting on Truth Social, Trump signalled a hardening stance as tensions between Washington and Tehran continue to rise.

Trump confirmed that a U.S. naval strike group led by the USS Abraham Lincoln is moving towards Iran, as protests grow inside the country over alleged government repression.

The show of force comes amid heightened regional instability and mounting pressure on the Iranian leadership.

#Trump #Iran #USForeignPolicy