Within the hallways of the U.S. Capitol, there is growing confidence by GOP Senators that Senate Majority Leader Mitch McConnell can whip his caucus to block a vote on witnesses Friday.
While returning to the chamber after a short break Thursday, Senator Tim Scott (R-S.C.) told Cheddar he's "feeling good" about tomorrow's expected vote.
Senator John Barrasso (R-Wyo.) told reporters during the break that Republicans have the "momentum" to move to end the trial tomorrow without witnesses. "If we're able to say no [to witnesses] and go right to final judgment, we'd move in that direction and stay here until that work is decided and completed Friday evening. That's where all the momentum is now."
Still up for debate is what, exactly, happens, if the Republicans vote to end the debate on witnesses quickly.
Meanwhile, back in the chamber, lead impeachment manager Adam Schiff said witness depositions could be limited to just one week and said that the trial should not be rushed just because the State of the Union is Tuesday.
After the break, Senators asked two bipartisan questions, both of which were from senators who may still be undecided on the issue of whether to allow witnesses. First, Senators Joe Manchin (D-W.Va.), Susan Collins (R-Maine), Lisa Murkowski (R-Alaska), and Kyrsten Sinema (D-Ariz.) asked the defense team if the president would assure them that private citizens would not be directed to conduct foreign policy unless formally designated by the president and the State Department.
Murkowski and Senator Brian Schatz (D-Hawaii) submitted the second bipartisan question, asking if any action a president takes is inherently political and where the line is between permissible political actions and impeachable political actions.
In President Bill Clinton's impeachment trial, there was only one bipartisan question asked, which Sen. Collins had signed onto at the time.
A resurgent Joe Biden scored sweeping victories across the country with the backing of a diverse coalition and progressive rival Bernie Sanders seized Super Tuesday’s biggest prize with a win in California as the Democratic Party’s once-crowded presidential field suddenly transformed into a two-man contest.
The Dow Jones Industrial Average dropped 785 points and bond prices surged after an emergency interest-rate cut by the Federal Reserve failed to reassure markets racked by worries that a fast-spreading virus outbreak could lead to a recession.
HotelPlanner CEO Tim Hentschel told Cheddar that the travel industry is taking the worst hit it has seen in nearly two decades thanks to the coronavirus outbreak paralyzing multiple countries.
Stocks are whipping up and down after the Federal Reserve swooped into the market with an emergency rate cut in hopes of shielding the economy from the effects of the fast-spreading virus. Tuesday's surprise move gave stocks a strong, brief boost, but it took just 15 minutes for the gains to evaporate.
Chairman Jerome Powell said at a news conference that the virus “will surely weigh on economic activity both here and abroad for some time.” It was the Fed's first rate cut since last year, when it reduced its key short-term rate three times.
The Federal Reserve will cut interest rates by a half-percentage point in its first emergency rate cut since the Great Recession in response to the spreading coronavirus.
These are the headlines you Need 2 Know for Tuesday, March 3, 2020.
Dow Jones skyrockets on hopes central banks protect the economy from the coronavirus outbreak.
Anthony Scaramucci, the founder of SkyBridge Capital and former White House communications director, has an optimistic view of the markets going forward despite the headwinds of the COVID-19 outbreak and President Trump's handling of the health crisis.
Amy Klobuchar is ending her Democratic presidential campaign, plans to endorse Joe Biden.
