Investors worry as Democrats near impeachment threshold

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Image: By Gage Skidmore from Peoria, AZ, United States of America (Nancy Pelosi) [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

Once dismissed as a far-left fantasy, the impeachment of President Trump is growing closer to reality as now a third of House Democrats have publicly called for hearings — and the number grows larger each day.

72 House Democrats have publicly called for Trump to be impeached, but Democrat aides tell POLITICO that 200 have privately pledged to back hearings intended to remove Trump from office.

“(O)n Thursday, four Democrats — Nydia Velázquez of New York, Tony Cardenas of California and Jan Schakowsky and Sean Casten of Illinois — announced their support for an impeachment inquiry,” POLITICO reports. “That makes a dozen more Democrats now on record backing the inquiry since just last week, boosting the total to nearly one-third of the caucus.”

“(M)ore Democrats are expected to announce their support in the coming days,” POLITICO notes.

The move is being orchestrated by the Judiciary Committee which would hold the impeachment hearings and arrange the vote, suggesting a Trump impeachment is in the works.

Judiciary Committee Democrats “have been providing tactical advice such as how to raise the issue with leadership and messaging support to their colleagues as they publicly back impeachment, according to multiple lawmakers and aides.

Democrats hold 235 House seats and need only 218 to impeach Trump. They may be able to force impeachment hearings with just 118 votes, which would be enough to control a majority of the Democrat caucus.

Political experts say Democrats may launch impeachment hearings if presidential campaign polls tighten and it appears Trump, already favored to be re-elected, is certain of victory.

That may rattle investors already worried about political instability and a softening global economy.