House launches Trump impeachment inquiry. More here:
WASHINGTON - Democrats in the U.S. House of Representatives on Tuesday launched a formal impeachment inquiry into President Donald Trump, accusing him of seeking foreign help to smear Democratic rival Joe Biden ahead of next year’s election.
Trump promised on Tuesday to release a transcript of his phone call. He has acknowledged he discussed Biden in the call, but denied he withheld nearly $400 million in U.S. aid to Ukraine as leverage to get Zelenskiy to launch a probe that would damage Biden, who leads opinion polls in the Democratic presidential race.
“It simply confirms that House Democrats’ priority is not making life better for the American people, but their nearly three-year-old fixation on impeachment,” he said in a statement. U.S. stocks plunged in volatile trade on Tuesday, with the S&P 500 posting its biggest daily drop in a month as investors were rattled by Pelosi’s announcement.Biden said he would back impeachment if the president did not fully comply with congressional investigations.
But the move carries a risk of backfiring on Democrats if voters believe they are overreaching, as it did on House Republicans who unexpectedly lost seats in the 1998 elections after pursuing impeachment against Clinton. House Intelligence Committee Chairman Adam Schiff said his panel was communicating with an attorney representing the whistleblower and that the individual would like to testify this week.
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