Here's why the stock market is ignoring Trump's impeachment by the House | | | THU, DEC 19, 2019 | | | | WHERE BUSINESS AND POLITICS CONVERGE | | Think a friend or colleague should be getting this newsletter? Share this link with them to sign up.
Hi readers, I'm sure you've received plenty of impeachment-related newsletters today, so we're going to catch you up on a few other key pieces of Capitol Hill news before we close out the year. BUT … before we do, we've included one story on why the stock market is ignoring Trump's impeachment from markets editor Patti Domm.
As of this writing, the House is about to vote on the new North American trade deal (USMCA), which the chamber is expected to approve with bipartisan support. The Senate plans to ratify USMCA next year, potentially after it holds a January impeachment trial. This vote follows months of negotiation, and represents a significant legislative win for President Trump. Jacob Pramuk has more on today's vote.
Over in the Senate, the chamber just passed the first of two spending bills to avoid a government shutdown. We anticipate a vote on the second this afternoon. The House has already approved the spending legislation, and President Trump plans to sign it into law. If you're wondering what's in these two spending bills, Jacob Pramuk once again has all the details.
Ahead of tonight's Democratic debate, we'd highly recommend you check out John Harwood's latest "Speakeasy" interview with Sen. Elizabeth Warren. They discuss her public battles with billionaires such as Lloyd Blankfein and Leon Cooperman, the state of her campaign, and vision to remake American capitalism. You can also listen to the entire interview on the Speakeasy podcast. Subscribe here, or wherever you get your podcasts.
With that, we'd like to wish you a very happy holiday season!
See you in 2020,
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