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U.S. new home sales rise to near one-and-a-half-year high

A real estate sign advertising a new home for sale is pictured in Vienna, Virginia
FILE PHOTO: A real estate sign advertising a new home for sale is pictured in Vienna, Virginia, U.S. October 20, 2014. REUTERS/Larry Downing/File Photo

April 23, 2019

WASHINGTON, (Reuters) – Sales of new U.S. single-family homes jumped to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices.

The Commerce Department said on Tuesday new home sales increased 4.5 percent to a seasonally adjusted annual rate of 692,000 units last month, the highest level since November 2017.

It was the third straight monthly increase in new home sales. February’s sales pace was revised down to 662,000 units from the previously reported 667,000 units.

Economists polled by Reuters had forecast new home sales, which account for about 11.7 percent of housing market sales, decreasing 2.5 percent to a pace of 650,000 units in March.

New home sales are drawn from permits and tend to be volatile on a month-to-month basis. They increased 3.0 percent from a year ago. The median new house price dropped 9.7 percent to $302,700 in March from a year ago, the lowest level since February 2017.

New home sales have not been severely impacted by the supply problems that have plagued the market for previously owned homes. A report on Monday showed home resales tumbled in March, weighed down by a persistent shortage of lower-priced houses.

Despite the broader housing market’s struggles with supply, the fundamentals for housing are improving. The 30-year fixed mortgage rate has dropped by about 80 basis points since November, according to data from mortgage finance agency Freddie Mac. That followed a recent decision by the Federal Reserve to suspend its three-year monetary policy tightening campaign.

In addition, house price inflation has slowed and wage growth has picked up. Still, land and labor shortages are constraining builders’ ability to break more ground on lower- priced housing projects. Investment in homebuilding contracted 0.3 percent in 2018, the biggest drop since 2010.

New home sales in the South, which accounts for the bulk of transactions, increased 3.6 percent in March to their highest level since July 2007. Sales in the Midwest soared 17.6 percent, while those in the West surged 6.7 percent. But sales in the Northeast tumbled 22.2 percent.

There were 344,000 new homes on the market last month, down 0.3 percent from February. At March’s sales pace it would take 6.0 months to clear the supply of houses on the market, down from 6.3 months in February.

About 62 percent of the houses sold last month were either under construction or yet to be built.

(Reporting by Lucia Mutikani; Editing by Andrea Ricci)

Source: OANN

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Lyft shares surge 21.2 percent on Nasdaq debut after IPO

Signage for Lyft is seen displayed at the NASDAQ MarketSite in Times Square in celebration of its initial public offering (IPO) on the NASDAQ Stock Market in New York
Signage for Lyft is seen displayed at the NASDAQ MarketSite in Times Square in celebration of its initial public offering (IPO) on the NASDAQ Stock Market in New York, U.S., March 29, 2019. REUTERS/Shannon Stapleton

March 29, 2019

By Heather Somerville

LOS ANGELES (Reuters) – Lyft Inc shares on Friday opened up 21.2 percent at $87.24 in its market debut on the Nasdaq after the company was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup.

On Thursday, Lyft said it priced 32.5 million shares, slightly more that it was offering originally, at $72, the top of its already elevated $70-$72 per share target range for the IPO.

After a few minutes of trading, shares were up 18.6 percent at $85.42.

Instead of celebrating the first day of trading at the Nasdaq in New York, Lyft opted to mark the occasion at a defunct auto dealership in downtown Los Angeles.

A couple hundred people — Lyft staff, family and friends, stakeholders and Los Angeles Mayor Eric Garcetti — gathered before dawn for the kick-off event.

Lyft has recently bought the facility to turn it into a driver services center, the first of several it plans to open across the U.S. in the coming months, where drivers can get discounted services like help with taxes or charging electric vehicles.

(Reporting by Heather Somerville in Los Angeles; Additional reporting by Joshua Franklin and Chuck Mikolajczak in New York, Writing by Joshua Franklin; Editing by Nick Zieminski)

Source: OANN

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Bernie Sanders could beat Trump in 2020: Karl Rove

Republican strategist Karl Rove said on “Fox & Friends” Friday that Sen. Bernie Sanders' town hall on Fox earlier this week convinced him that the presidential candidate could win the Oval Office in 2020.

He credited Sanders, who is 77 and from Vermont, for bucking the decision of the Democratic National Committee (DNC) chair, Tom Perez, to exclude Fox News from hosting a Democrat primary debate.

“First of all, the simple fact that he went on” despite Perez’s decision, was impressive, Rove said.

Despite Perez’s “attempt to keep [the Democratic candidates] off Fox, Bernie comes on to Fox, and gets the largest viewership of any campaign event thus far.”

“That was a smart move on his part,” Rove said.

Rove, who was the architect of George W. Bush’s presidential campaigns in 2000 and 2004, said that it is apparent that Sanders has run for president before and has learned from earlier missteps.

HOW BERNIE WENT FROM SOCIALIST GADFLY TO FRONTRUNNER

“He is a lot more fluid,” Rove said, noting that Sanders deftly pivoted to the messages he wanted to push when Fox News anchors Martha MacCallum and Bret Baier asked him tough questions about his taxes and to respond to presidential contender and South Bend (Indiana) Mayor Pete Buttigieg’s call for a “new generation of leadership.”

“He says ‘I paid all the taxes I owe,’ and he quickly pivots and says ‘I released 10 years of tax returns, President Trump ought to do the same.’ Martha says ‘You know, here’s Mayor Pete, he says there should be a new generation of leadership. You will be 79 if you’re sworn in as president.’ He makes a joke. He says ‘It’s a fair question.’ He says ‘It’s not whether you’re young or old, it’s what you believe.’”

“Every time he brought it back to his message,” said Rove, who wrote about Sanders' strong 2020 prospects in a Wall Street Journal editorial this week. “That demonstrated to me that he has learned from having run before. He really did a good job of softening the edges of socialism. Whenever the issue came up, he made it feel warm and fuzzy, kumbaya, shake hands, run around the campfire.”

Rove noted that Sanders stressed the importance of not having an all anti-Trump message.

Sanders said that Democrats “will lose if we spend our time bashing Trump.”

CLICK HERE TO GET THE FOX NEWS APP

“He was focused on what he was for,” Rove said.

But while Sanders, a self-styled democratic socialist, tries to make socialism seem mainstream, he failed to provide details about how such concepts as Medicare-for-all would be funded, Rove said.

“He says, ‘Everything we propose we’re paying for,’ without telling us that it’s trillions and trillions and trillions of dollars.”

Rove said that Trump’s camp seems to view Sanders as a formidable contender for 2020.

“Some of the Trump campaign people said ‘You know what? We’re paying attention to this guy. We’ve got to take him seriously.’”

Source: Fox News Politics

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Brexit withdrawal agreement no longer negotiable: Macron

FILE PHOTO: French President Emmanuel Macron delivers a speech during the closing session of the Intelligence College in Europe meeting at the Foreign Affairs Ministry in Paris
FILE PHOTO: French President Emmanuel Macron delivers a speech during the closing session of the Intelligence College in Europe meeting at the Foreign Affairs Ministry in Paris, France March 5, 2019. Ludovic Marin/Pool via REUTERS/File Photo

March 13, 2019

NAIROBI (Reuters) – French President Emmanuel Macron said Britain would need to come up with a clear reason for requesting an extension to the March 29 deadline for leaving the European Union, saying extra time could not be used to renegotiate the withdrawal.

“The withdrawal agreement is not negotiable,” Macron said during a visit to Kenya. “If the British ask for a delay it could perhaps be a technical delay to allow more time to put their departure in place.

“But if an additional delay is requested, they need to explain why,” he added. “It cannot be to allow more negotiations over something we’ve already negotiated for many months and said cannot be further negotiated.”

The British parliament on Tuesday rejected the withdrawal agreement Prime Minister Theresa May negotiated with the European Union, raising the likelihood that Britain will either leave the EU without a deal or try to ask for more time.

(Reporting by John Irish in Nairobi; Writing by Luke Baker; Editing by Richard Lough)

Source: OANN

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Axios: Trump Considers Attending WH Journalists' Dinner

President Donald Trump is considering attending the White House Correspondents' Association dinner, an event he has boycotted the last two years, Axios reported on Wednesday.

Trump has not yet decided on whether or not he is attending the April 27 dinner, but some are suggesting that he would go as part of an extended “victory lap” after the Mueller report concluded that Trump did not collude with the Russians during the 2016 election campaign.

Aviso, however, said it is not clear if the president is serious about attending and said it would be awkward for everyone if he did decide to go to the event.

Since Attorney General Bill Barr sent a summary of the Mueller report to Congress, Trump has increased his attacks on the media.

"The Mainstream Media is under fire and being scorned all over the World as being corrupt and FAKE,” Trump tweeted.

“For two years they pushed the Russian Collusion Delusion when they always knew there was No Collusion. They truly are the Enemy of the People and the Real Opposition Party!"

Source: NewsMax Politics

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Beijing city targets raising $1.5 billion fund in tech push: sources

FILE PHOTO: A man wearing a mask makes his way at a financial district during a heavily polluted day in Beijing
FILE PHOTO: A man wearing a mask makes his way at a financial district during a heavily polluted day in Beijing, November 30, 2015. REUTERS/Kim Kyung-Hoon

February 26, 2019

By Julie Zhu and Kane Wu

HONG KONG (Reuters) – An investment firm backed by the Beijing city government is in talks with prospective investors to raise over 10 billion yuan ($1.5 billion) in its first fund aimed mainly at cutting-edge tech investments, said two people with direct knowledge.

Beijing Innovation Industry Investment Co’s fundraising move underscores the Chinese capital city’s push to catch up with other cities in the country, most notably Shenzhen, in pursuing innovative technology and industrial upgrading projects.

It comes as China aims to speed up development of its technology sector, including segments such as semiconductors and artificial intelligence, amid a fierce trade stand-off with the United States that has demonstrated the country’s reliance on imported technology.

China’s State Council in 2016 approved a 200 billion yuan venture capital fund https://www.reuters.com/article/china-funds-idUSL3N1AZ1SX, financed by state controlled entities, to invest in new technologies.

Beijing Innovation could not be immediately reached for comment.

It was set up by Beijing’s municipal State-owned Assets Supervision and Administration Commission (SASAC), which oversees the city’s state-owned enterprises, and has been tasked with making investments in new-economy sectors on behalf of the local government.

Beijing Innovation has attracted the local SASAC and several local government-backed companies such as Shenzhen Capital Group, the venture investment vehicle of the Shenzhen government, as investors, according to domestic media reports and public corporate registry filings.

It will look for direct-equity investment opportunities in sectors ranging from information technology and integrated circuits to electric vehicles and new materials, according to domestic media reports.

As a major tech hub in China, Beijing, where ByteDance Technology, one of the world’s most valuable startups, online food delivery-to-ticketing services firm Meituan Dianping and e-commerce firm JD.com are headquartered, has for years lacked a consolidated investment arm under the local government for tech deals.

In contrast, Shenzhen which has bred companies such as online gaming-to-social media giant Tencent Holdings, telecoms equipment maker Huawei Technologies and drone maker DJI, has Shenzhen Capital Group investing in the tech sector for 20 years.

Shenzhen Capital Group has over 333 billion yuan of assets under management, its website shows, and holds a 15 percent stake in Beijing Innovation, according to public disclosures.

(Reporting by Julie Zhu and Kane Wu; Editing by Muralikumar Anantharaman)

Source: OANN

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North Korean sham election had 99.99 percent turnout, state media says

North Korea’s state media claims the turnout in the country’s recent rubber-stamp election was 99.99 percent – up from 99.97 percent last time in 2014 – and said it would have been 100 percent if not for the citizens currently abroad.

Millions of North Korean voters went to the polling booths on Sunday to accept a new lineup of roughly 700 members for the next session of the national legislature, the Supreme People's Assembly (SPA).

The so-called voters had to pick from just one state-sanctioned candidate per seat and were able to cast their ballots only to show their support for the candidate rather than actually select a winner.

On the day of the election, in the fashion of totalitarian communist states, the turnout was reported just above 99 percent.

US SEEKS ACCESS TO INSPECT REBUILT NORTH KOREAN MISSILE LAUNCH-SITE

Yet North Korea things took a step further and declared on Tuesday that not only was turnout 99.99 percent, but it would have achieved total participation of the country if not for those North Koreans “abroad or working in oceans” who weren’t able to cast a ballot, AFP reported, citing North Korea's official KCNA news agency.

As expected, every single vote cast in the election – just like in the 2014 election – was said to be in support of the named candidates.

“All the electors participated as one in the election to cement our people's power as firm as a rock,” the state media report said.

“All the electors participated as one in the election to cement our people's power as firm as a rock.”

— North Korea's official KCNA news agency

“One hundred percent of them cast their ballots for the candidates for deputies to the SPA registered in relevant constituencies,” it added.

NORTH KOREA AIRS DOCUMENTARY GLORIFYING KIM-TRUMP SUMMIT -- BUT FAILS TO MENTION TALKS COLLAPSED

The election did have one surprise – unlike in previous years, the country’s leader Kim Jong Un didn’t appear on the ballot, raising questions what the regime is trying to symbolize, AFP reported.

People line up to vote during the election at a polling station in Pyongyang, North Korea, Sunday, March 10, 2019. Millions of North Korean voters, including leader Kim Jong Un, are going to the polls to elect roughly 700 members to the national legislature. In typical North Korean style, voters are presented with just one state-sanctioned candidate per district and they cast ballots to show their approval or, very rarely, disapproval.

People line up to vote during the election at a polling station in Pyongyang, North Korea, Sunday, March 10, 2019. Millions of North Korean voters, including leader Kim Jong Un, are going to the polls to elect roughly 700 members to the national legislature. In typical North Korean style, voters are presented with just one state-sanctioned candidate per district and they cast ballots to show their approval or, very rarely, disapproval. (AP Photo/Dita Alangkara)

Experts say that this doesn’t mean that the leader is losing his influence within the regime and it’s more likely that that Kim, who already holds multiple top positions in the country, may want to portray his country as more democratic and not take a seat at SPA.

The ruling party’s official daily also affirmed the control of Kim, saying: “The election will strikingly manifest the fixed will of our people to firmly trust and uphold to the last Supreme Leader Kim Jong Un despite storm and stress.”

CLICK HERE TO GET THE FOX NEWS APP

“All the people have to fully display through the election the invincibility and might of the DPRK advancing by dint of the single-minded unity.”

The Associated Press contributed to this report.

Source: Fox News World

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Police secure the area where the body of a woman was discovered near the village of Orounta
Police secure the area where the body of a woman was discovered near the village of Orounta, Cyprus, April 25, 2019. REUTERS/Stefanos Kouratzis

April 26, 2019

NICOSIA (Reuters) – Cypriot police searched on Friday for more victims of a suspected serial killer, in a case which has shocked the Mediterranean island and exposed the authorities to charges of “criminal indifference” because the dead women were foreigners.

The main opposition party, the left-wing AKEL, called for the resignation of Cyprus’s justice minister and police chief.

Police were combing three different locations west of the capital Nicosia for victims of the suspected killer, a 35-year-old army officer who has been in detention for a week.

The bodies of three women, including two thought to be from the Philippines, have been recovered. Police sources said the suspect had indicated the location of the third body, found on Thursday, and had said the person was “either Indian or Nepali”.

Police said they were searching for a further four people, including two children, based on the suspect’s testimony.

“These women came here to earn a living, to help their families. They lived away from their families. And the earth swallowed them, nobody was interested,” AKEL lawmaker Irene Charalambides told Reuters.

“This killer will be judged by the court but the other big question is the criminal indifference shown by the others when the reports first surfaced. I believe, as does my party, that the justice minister and the police chief should resign. They are irrevocably exposed.”

Police have said they will investigate any perceived shortcomings in their handling of the case.

One person who did attempt to alert the authorities over the disappearances, a 70-year-old Cypriot citizen, said his motives were questioned by police.

The bodies of the two Filipino women reported missing in May and August 2018 were found in an abandoned mine shaft this month. Police discovered the body of the third woman at an army firing range about 14 km (9 miles) from the mine shaft.

Police are now searching for the six-year-old daughter of the first victim found, a Romanian mother who disappeared with her eight-year-old child in 2016, and a woman from the Phillipines who vanished in Dec. 2017.

The suspect has not been publicly named, in line with Cypriot legal practice.

A public vigil for the missing was planned later on Friday.

(Reporting By Michele Kambas; Editing by Gareth Jones)

Source: OANN

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An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard
FILE PHOTO: An employee looks up at goods at the Miniclipper Logistics warehouse in Leighton Buzzard, Britain December 3, 2018. REUTERS/Simon Dawson

April 26, 2019

LONDON, April 26 – British factories stockpiled raw materials and goods ahead of Brexit at the fastest pace since records began in the 1950s, and they were increasingly downbeat about their prospects, a survey showed on Friday.

The Confederation of British Industry’s (CBI) quarterly survey of the manufacturing industry showed expectations for export orders in the next three months fell to their lowest level since mid-2009, when Britain was reeling from the global financial crisis.

The record pace of stockpiling recorded by the CBI was mirrored by the closely-watched IHS Markit/CIPS purchasing managers’ index published earlier this month.

(Reporting by Andy Bruce, editing by David Milliken)

Source: OANN

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Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing
Malaysian Prime Minister Mahathir Mohamad speaks at the opening ceremony for the second Belt and Road Forum in Beijing, China April 26, 2019. REUTERS/Florence Lo

April 26, 2019

KUALA LUMPUR (Reuters) – Fewer than half of Malaysians approve of Prime Minister Mahathir Mohamad, an opinion poll showed on Friday, as concerns over rising costs and racial matters plague his administration nearly a year after taking office.

The survey, conducted in March by independent pollster Merdeka Center, showed that only 46 percent of voters surveyed were satisfied with Mahathir, a sharp drop from the 71 percent approval rating he received in August 2018.

Mahathir’s Pakatan Harapan coalition won a stunning election victory in May 2018, ending the previous government’s more than 60-year rule.

But his administration has since been criticized for failing to deliver on promised reforms and protecting the rights of majority ethnic Malay Muslims.

Of 1,204 survey respondents, 46 percent felt that the “country was headed in the wrong direction”, up from 24 percent in August 2018, the Merdeka Center said in a statement. Just 39 percent said they approved of the ruling government.

High living costs remained the top most concern among Malaysians, with just 40 percent satisfied with the government’s management of the economy, the survey showed.

It also showed mixed responses to Pakatan Harapan’s proposed reforms.

Some 69 percent opposed plans to abolish the death penalty, while respondents were sharply divided over proposals to lower the minimum voting age to 18, or to implement a sugar tax.

“In our opinion, the results appear to indicate a public that favors the status quo, and thus requires a robust and coordinated advocacy efforts in order to garner their acceptance of new measures,” Merdeka Center said.

The survey also found 23 percent of Malaysians were concerned over ethnic and religious matters.

Some groups representing Malays have expressed fear that affirmative-action policies favoring them in business, education and housing could be taken away and criticized the appointments of non-Muslims to key government posts.

Last November, the government reversed its pledge to ratify a UN convention against racial discrimination, after a backlash from Malay groups.

Earlier this month, Pakatan Harapan suffered its third successive loss in local elections since taking power, which has been seen as a further sign of waning public support.

Despite the decline, most Malaysians – 67 percent – agreed that Mahathir’s government should be given more time to fulfill its election promises, Merdeka Center said.

This included a majority of Malay voters who were largely more critical of the new administration, it added.

(Reporting by Rozanna Latiff; Editing by Nick Macfie)

Source: OANN

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The German share price index DAX graph at the stock exchange in Frankfurt
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 25, 2019. REUTERS/Staff

April 26, 2019

By Medha Singh and Agamoni Ghosh

(Reuters) – European shares slipped on Friday after losses in heavyweight banks and Glencore outweighed gains in healthcare and auto stocks, while investors remained on the sidelines ahead of U.S. economic data for the first quarter.

The pan-European STOXX 600 index was down 0.1 percent by 0935 GMT, eyeing a modest loss at the end of a holiday-shortened week. Banks-heavy Italian and Spanish indices were laggards.

The banking index fell for a fourth day, at the end of a heavy earnings week for lenders.

Britain’s Royal Bank of Scotland tumbled after posting lower first quarter profit, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns.

Weakness in investment banking also dented Deutsche Bank’s quarterly trading revenue and sent its shares lower a day after the German bank abandoned merger talks with smaller rival Commerzbank.

“The current interest rate environment makes it challenging for banks to make proper earnings because of their intermediary function,” said Teeuwe Mevissen, senior market economist eurozone, at Rabobank.

Since the start of April, all country indexes were on pace to rise between 1.8 percent and 3.4 percent, their fourth month of gains, while Germany was strongly outperforming with 6 percent growth.

“For now the current sentiment is very cautious as markets wait for the first estimates of the U.S. GDP growth which could see a surprise,” Mevissen said.

U.S. economic data for the first-quarter is due at 1230 GMT. Growth worries outside the United States resurfaced this week after South Korea’s economy unexpectedly contracted at the start of the year and weak German business sentiment data for April also disappointed.

Among the biggest drags on the benchmark index in Europe were the basic resources sector and the oil and gas sector, weighed down by Britain’s Glencore and France’s Total, respectively.

Glencore dropped after reports that U.S authorities were investigating whether the company and its subsidiaries violated certain provisions of the commodity exchange act.

Energy major Total said its net profit for the first three months of the year fell compared with a year ago due to volatile oil prices and debt costs.

Chip stocks in the region including Siltronic, Ams and STMicroelectronics lost more than 1 percent after Intel Corp reduced its full-year revenue forecast, adding to concerns that an industry-wide slowdown could persist until the end of 2019.

Meanwhile, healthcare, which is also seen as a defensive sector, was a bright spot. It was helped by French drugmaker Sanofi after it returned to growth with higher profits and revenues for the first-quarter.

Luxembourg-based satellite operator SES led media stocks higher after it maintained its full-year outlook on the back of the company’s Networks division.

Automakers in the region rose 0.4 percent, led by Valeo’s 6 percent jump as the French parts maker said its performance would improve in the second half of the year.

Continental AG advanced after it backed its outlook for the year despite reporting a fall in first-quarter earnings.

Renault rose more than 3 percent as it clung to full-year targets and pursues merger talks with its Japanese partner Nissan.

(Reporting by Medha Singh and Agamoni Ghosh in Bengaluru; Editing by Gareth Jones and Elaine Hardcastle)

Source: OANN

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U.S. President Donald Trump hosts Take Our Daughters and Sons to Work Day at the White House in Washington
U.S. President Donald Trump gives a thumbs up to his audience as he hosts Take Our Daughters and Sons to Work Day at the White House in Washington, U.S., April 25, 2019. REUTERS/Kevin Lamarque

April 26, 2019

By Jan Wolfe and Richard Cowan

(Reuters) – The “i word” – impeachment – is swirling around the U.S. Congress since the release of Special Counsel Robert Mueller’s redacted Russia report, which painted a picture of lies, threats and confusion in Donald Trump’s White House.

Some Democrats say trying to remove Trump from office would be a waste of time because his fellow Republicans still have majority control of the Senate. Other Democrats argue they have a moral obligation at least to try to impeach, even though Mueller did not charge Trump with conspiring with Russia in the 2016 U.S. election or with obstruction of justice.

Whether or not the Democrats decide to go down this risky path, here is how the impeachment process works.

WHAT ARE GROUNDS FOR IMPEACHMENT?

The U.S. Constitution says the president can be removed from office by Congress for “treason, bribery, or other high crimes and misdemeanors.” Exactly what that means is unclear.

Before he became president in 1974, replacing Republican Richard Nixon who resigned over the Watergate scandal, Gerald Ford said: “An impeachable offense is whatever a majority of the House of Representatives considers it to be at a given moment in history.”

Frank Bowman, a University of Missouri law professor and author of a forthcoming book on the history of impeachment, said Congress could look beyond criminal laws in defining “high crimes and misdemeanors.” Historically, it can encompass corruption and other abuses, including trying to obstruct judicial proceedings.

HOW DOES IMPEACHMENT PLAY OUT?

The term impeachment is often interpreted as simply removing a president from office, but that is not strictly accurate.

Impeachment technically refers to the 435-member House of Representatives approving formal charges against a president.

The House effectively acts as accuser – voting on whether to bring specific charges. An impeachment resolution, known as “articles of impeachment,” is like an indictment in a criminal case. A simple majority vote is needed in the House to impeach.

The Senate then conducts a trial. House members act as the prosecutors, with senators as the jurors. The chief justice of the U.S. Supreme Court presides over the trial. A two-thirds majority vote is required in the 100-member Senate to convict and remove a president from office.

No president has ever been removed from office as a direct result of an impeachment and conviction by Congress.

Nixon quit in 1974 rather than face impeachment. Presidents Andrew Johnson in 1868 and Bill Clinton in 1998 were impeached by the House, but both stayed in office after the Senate acquitted them.

Obstruction of justice was one charge against Clinton, who faced allegations of lying under oath about his relationship with White House intern Monica Lewinsky. Obstruction was also included in the articles of impeachment against Nixon.

CAN THE SUPREME COURT OVERTURN?

No.

Trump said on Twitter on Wednesday that he would ask the Supreme Court to intervene if Democrats tried to impeach him. But America’s founders explicitly rejected making a Senate conviction appealable to the federal judiciary, Bowman said.

“They quite plainly decided this is a political process and it is ultimately a political judgment,” Bowman said.

“So when Trump suggests there is any judicial remedy for impeachment, he is just wrong.”

PROOF OF WRONGDOING?

In a typical criminal court case, jurors are told to convict only if there is “proof beyond a reasonable doubt,” a fairly stringent standard.

Impeachment proceedings are different. The House and Senate “can decide on whatever burden of proof they want,” Bowman said. “There is no agreement on what the burden should be.”

PARTY BREAKDOWN IN CONGRESS?

Right now, there are 235 Democrats, 197 Republicans and three vacancies in the House. As a result, the Democratic majority could vote to impeach Trump without any Republican votes.

In 1998, when Republicans had a House majority, the chamber voted largely along party lines to impeach Clinton, a Democrat.

The Senate now has 53 Republicans, 45 Democrats and two independents who usually vote with Democrats. Conviction and removal of a president would requires 67 votes. So that means for Trump to be impeached, at least 20 Republicans and all the Democrats and independents would have to vote against him.

WHO BECOMES PRESIDENT IF TRUMP IS REMOVED?

A Senate conviction removing Trump from office would elevate Vice President Mike Pence to the presidency to fill out Trump’s term, which ends on Jan. 20, 2021.

(Reporting by Jan Wolfe and Richard Cowan; Editing by Kevin Drawbaugh and Peter Cooney)

Source: OANN

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