by Zero Hedge

Update (0815ET): With the 25th Amendment out the window, Congressional Democrats are moving on to door #2 – impeachment. According to CNN, Democrats may vote on impeachment as soon as the middle of next week

According to the report, House Speaker Nancy Pelosi and her leadership team are working out a “lightning-quick impeachment process,” according to “multiple Democratic sources.”

“This is urgent — this is an emergency of the highest magnitude,” Pelosi told reporters on Thursday, adding “My phone has been exploding with ‘impeach, impeach, impeach.'”

Pelosi and her leadership team spoke Thursday night about whether to hold a quick impeachment vote, and the overwhelming sentiment was to move ahead, according to multiple sources. While there were some dissenters concerned that the move could be perceived as an overreach and turn off Trump supporters in their districts, the view among most top Democrats — including Pelosi — is that Trump should be held accountable for his actions.The full Democratic caucus will speak Friday at 12 p.m. ET.Moving ahead with impeachment, of course, doesn’t mean Congress would be able to remove Trump from office. Senate Majority Leader Mitch McConnell could let the clock run out and not hold an impeachment trial in his chamber given that President-elect Joe Biden will be President on January 20. –CNN

President-elect Joe Biden, meanwhile, has “no appetite” for opening an impeachment proceeding according to the report, and prefers to focus on taking office in less than two weeks.

“Impeachment would not help unify this country,” said someone close to Biden, who added that “this is a matter to be decided by the Congress.”

House Democrats will hold their first full-caucus since Wednesday’s mayhem at the US Capitol, when a group of protesters broke inside and a Trump supporter was shot dead by Capitol police.This call, scheduled for noon ET, will be an important moment in terms of what’s going to transpire over the next two weeks. While House Democrat after House Democrat has backed a second impeachment, the caucus itself hasn’t gathered since the dramatic events transpired. The call will be the first opportunity for lawmakers to talk to leadership about the impeachment issue, the 25th Amendment issue and significant security concerns related to the Capitol.Indeed, given the tight timeline, it isn’t possible to launch a formal impeachment inquiry like in 2019, an arduous undertaking that took several months.

And just like last time, more political theater.

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Update (1800ET): In a none too surprising move, Business Insider reports that, despite the growing bipartisan chorus for a last-minute change at the very top of the American government, Vice President Mike Pence doesn’t support removing President Donald Trump from office via the 25th Amendment.

“Not happening,” said a Republican close to Pence when asked about growing calls for him to replace Trump. 

So… impeachment it is then? Nancy, do you feel lucky?

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