House Speaker Nancy Pelosi says President Donald Trump should immediately be removed from office or Congress may proceed to impeach him.
Pelosi on Thursday joined those calling on the Cabinet to invoke the 25th Amendment to force Trump from office. It came a day after a violent mob of Trump supporters stormed the Capitol, forcing the building into lockdown. Trump called them “very special” people and said he loved them.
She said at the Capitol: “The president of the United States incited an armed insurrection against America.”
Pelosi says he could do further harm to the country: “Any day can be a horror show for America.”
Democrats and some Republicans want Trump removed before his term ends on Jan. 20 with Democrat Joe Biden’s inauguration.
The 25th Amendment allows for the vice president and a majority of the Cabinet to declare the president unfit for office. The vice president then becomes acting president.
Stock indexes ended a wobbly day with modest gains Thursday, while the biggest increases went to Amazon, Netflix and other companies poised to do the best during the coronavirus crunch.
The government’s paycheck protection loan program for small businesses is on hold. The Small Business Administration has announced that it reached the $349 billion lending limit for the program.
New York state will extend its stay-at-home restrictions at least through May 15. Gov. Andrew Cuomo said Thursday that transmission rates still need to be tamed as he prolonged the restrictions that have left most New Yorkers housebound.
Stocks are mixed in early trading on Wall Street after the government reported that 5.2 million more people filed for unemployment benefits last week, which was not quite as many as had been feared.
Another 5.2 million people filed for unemployment in the week ending April 11, according to a U.S. Department of Labor report released Thursday morning.
President Donald Trump says he’s prepared to announce new guidelines allowing some states to quickly ease up on on social distancing. At same time, though, business leaders are telling Trump they need more coronavirus testing and personal protective equipment before people can safely go back to work.
The IRS announced on March 21 that the federal income tax filing deadline has been pushed to July 15, 2020, due to the impact of the coronavirus pandemic.
Selling swept Wall Street after a dismal lineup of reports made clear how historic the coronavirus crunch has been for the economy. Markets are already bracing for what’s forecast to be the worst downturn since the Great Depression, but Wednesday’s data was even more dispiriting than expected.
John Stanton, co-founder of the Save Journalism Project, told Cheddar that the widespread cost-cutting and layoffs will have a long-term impact on the health of journalism.
Sen. Chris Murphy (D-Conn.) on Wednesday told Cheddar that he is officially endorsing former vice president Joe Biden as the Democratic nominee for the presidency.
