Democrats Win Special Election; House Votes to Impeach Mayorkas
Feb 14, 2024
auto_awesome
Homeland Security Secretary Alejandro Mayorkas is impeached by the House. Defense Secretary Lloyd Austin is released from the hospital. Democrats win New York's special election to replace George Santos.
Democrats win New York's special election, reducing the Republican majority in the House.
The UK experiences steady inflation, boosting British stocks, while US stocks decline due to higher than expected inflation data.
Deep dives
Osage County and the Killers of the Flower Moon
Osage County, Oklahoma is gaining attention due to Martin Scorsese's film, Killers of the Flower Moon, based on a book about the 1920s Osage murders. The white invasion of Osage County resulted in the killing of Osage people for their oil wealth. The podcast In Trust explores how a prominent ranching family in Osage County acquired land that originally belonged to the Osage nation.
Special Election Results and Implications
Tom Swazzy, a Democrat, won the special election in New York's 3rd district. Voters cited their desire for Democrats to regain control of the House as a reason for supporting Swazzy. Concerns about the future of democracy and abortion rights influenced voters' choice. The victory for Democrats brings the Republican majority in the House down to a slim six-member advantage.
Inflation in the UK and Market Reactions
The UK experienced an unexpected steadying of inflation at 4%, which led to a boost in British stocks. This development prompted traders to speculate on a rate cut by the Bank of England. However, in the US, stocks faced a decline due to higher than expected inflation data, which delayed expectations for a Federal Reserve rate cut.