Mod: Businesses are just now beginning to bake impeachment into their 2019 plans. Personally I don't think the Democrats will make the big move until it appears that they don't have any other choice and are being forced by events to do so. Which will likely occur sometime around April. The full article is available at the link.
Markets are bracing for a more difficult 2019, with risks such as interest rate hikes from the Federal Reserve and an escalation in U.S.-China trade tensions at the top of many people's minds. But the possible impeachment of Trump has rarely been discussed, partly because it still isn't clear whether Democrats will go down that route when they take control of the House in 2019.
"Democrats will do something on impeachment next year," he told CNBC's Nancy Hungerford on Wednesday.
Okun noted comments by Jerry Nadler, the expected chairman of the House Judiciary Committee, that Trump may have committed "impeachable offenses" if he's found to have a hand in paying hush money to several women.
Justice Department special counsel Robert Mueller is reportedly nearing the end of his investigation into whether Russia interfered with the 2016 presidential elections. He's expected to submit a report to the attorney general as early as mid-February, NBC News reported.
"Washington is going to shut down, literally ... because the president is not going to be able to focus on anything but that. I think that is a huge risk going into 2019," he added.