May 30, 2023 8:39 am

The U.S. political system is pivotal not just for its impact on our economy and way of living, but on the world too. Therefore, our hugely-experienced Kiplinger Letter team will keep you abreast of the latest political developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You will get all the latest news first by subscribing, but we will publish many of the forecasts online a few days afterward. Here’s the latest forecast…

One thing that could weaken President Joe Biden’s political standing: Impeachment. House Republicans are currently laying the groundwork, led by House Oversight Committee Chairman James Comer (KY). Comer is focusing on accusations that Biden received bribes from a foreign national in exchange for policy favors while vice president, acting on the tip of an unnamed whistle-blower.

Separately, House Judiciary Committee Chairman Jim Jordan (OH) is leading a probe into alleged wrongdoing by Biden and his now-infamous son Hunter Biden. 

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Keep in mind, these efforts are still in their early stages and may ultimately go nowhere depending on the evidence, as well as House Republicans’ access to it. Comer, for example, is currently embroiled in a legal battle with the FBI over access to documents that purportedly contain evidence of Biden’s wrongdoing.

Even if the House votes to bring impeachment charges against Biden, it will likely go nowhere in the Senate, where getting at least two-thirds of lawmakers to support the conviction of a president is a tough bar to clear.

This forecast first appeared in The Kiplinger Letter. Since 1923, the Letter has helped millions of business executives and investors profit by providing reliable forecasts on business and the economy, as well as what to expect from Washington. Get a free issue of The Kiplinger Letter or subscribe.  

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