· House of Representatives will vote to impeach President Trump for a second time after motivating the attacks on the Capitol.
· Tax revenues increased 0.7% in 2020, according to preliminary figures published by the SAT.
· James Bullard (St. Louis FED) suggests waiting to see how employment and inflation develop before discussing pulling out stimuli.
· Economic indicators: Supply of credit in China moderates during December; inflation in the US sets slightly above estimates in December (1.4% vs 1.3% e.).
The United States House of Representatives will start talks today in order to impeach President Trump for a second time. The proposal has been pushed by Democrats, although some Republicans have shown to be in favor of the decision, including Senate leader Mitch McConnell. This would be the first time that a President is impeached twice by Congress, even though it`s very unlikely that a sentence will exist before the end of the Trump administration (Jan. 20th). Democrats are seeking to demand accountability for motivating the disturbances that occurred in the Capitol building a few days ago, when Congress was counting Electoral College votes to confirm Joe Biden`s victory. Some Republicans have expressed that an impeachment would further polarize the American society as leaders of the far right have renewed calls to mobilize against the government. Other legislators consider the impeachment necessary in order to set a precedent that discourages similar disturbances and threats to democracy in the future. If approved, the impeachment could delay the confirmation of some of President-elect Joe Biden`s cabinet members in the Senate; which would hinder the new administration`s start.