US President Current Affairs - 2020

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US President Donald Trump impeached

On December 18, 2019, Donald Trump became the third President to be impeached by the US House. He was accused of enlisting foreign government to investigate political rival before 2020 election.

Highlights

The House called for voting process alleging that the President pressurized Ukraine to announce investigations against his political rival Joe Biden ahead of 2020 elections.

The Democrats had majority in the house to impeach the President. It is necessary to prove the charges at the senate as well, where a voting process with two-third majority is essential for conviction.

Impeachment in American History

So far only two American presidents have been impeached. In 1998, President Bill Clinton was impeached on charges of sexual relationship with his intern. However, the senate acquitted him. Before him, in 1868, President Andrew Johnson was impeached. He was acquitted by one vote in the Senate.

In 1974, President Nixon resigned over water gate corruption charges. The judiciary committee approved the articles of impeachment before the house could even pass them.

Impeachment in the US

Article 2 of the US constitution lists the procedure of impeachment of US president. Impeachment does not remove the president from power. It is an accusation, when proved the Senate should decide whether to convict the president of the charges contained.

The impeachment process in the US begins with an investigation by House Committee. When the committee finds out enough evidences to prove the accusation of the president, it enters the house. The house votes and if the majority agrees, the proceedings is taken to the senate. The trial at the senate is overseen by the Chief Justice of Supreme Court. If two-thirds of the senators find the president guilty, he is removed and the vice president takes over.

David Malpass appointed as President of World Bank

David Malpass who held a senior role at the US Treasury and was the undersecretary for international affairs has been appointed as the President of World Bank. He was nominated by the US president Donald Trump. David Malpass had also held senior roles in the US Treasury during the Reagan and George HW Bush administrations.

David Malpass has also served as chief economist at Bear Stearns bank. Later he founded research group Encima Global and held a number of directorships at finance firms.

Appointment of the President of World Bank

As per the guidelines of the World Bank, the World Bank president must have:

  • A proven track record of leadership.
  • Experience managing large organizations with international exposure, and a familiarity with the public sector.
  • Ability to articulate a clear vision of the Bank’s development mission.
  • A firm commitment to and appreciation for multilateral cooperation.
  • Effective and diplomatic communication skills, impartiality, and objectivity.

Executive directors of the World Bank can nominate candidates for the post and the candidate must be citizens of one of the bank’s member countries and cannot be a bank governor, executive director or alternate.

If there are more than three candidates, there would be a shortlisting process to narrow the field through an informal straw poll. Then the shortlisted candidates will be interviewed by the board. The board will then make a final selection through a majority vote.

To win the presidency of the World Bank, a candidate must win approval from the institution’s executive board, which has 25 members. The US holds a 16% share of board voting power hence more often it is the US-backed candidate gets elected for the post of the president.