TL/DR –
The US Supreme Court is set to issue a ruling concerning former US President Trump’s potential ban from running for presidency again. This comes after Colorado’s Supreme Court stated in December that Trump was ineligible for election in the state due to his involvement in “insurrection or rebellion,” referring to his role in inciting the January 6 Capitol riot, which is considered a violation of the 14th Amendment of the US Constitution. Despite this, it is predicted that the US Supreme Court will vote along party lines to reject Colorado’s ruling and allow Trump to stand in the state.
US Supreme Court to Rule on Trump’s Presidential Run Ban
The US Supreme Court appears set to decide on former President Trump’s possible ban from future Presidential bids. Colorado’s Supreme Court ruled in December that Trump is ineligible for election in the state due to “engagement in insurrection or rebellion”, referencing the January 6, 2021 Capitol riot. The US Constitution’s 14th Amendment prohibits such conduct.
Trump’s legal team contested Colorado’s ruling, taking the matter to the US Supreme Court. An update from US Supreme officials on Sunday hinted at a pending Supreme Court ruling to be disclosed on ‘Super Tuesday’. This day sees 15 states, including Colorado, conducting primary elections for party candidates in the upcoming presidential race. Thus, it is anticipated that the announcement relates to Trump’s potential insurrection-related ban.
Political experts forecast party-affiliated voting in the US Supreme Court, potentially overturning Colorado’s ruling and enabling Trump’s participation. As the financial markets are not expected to be affected significantly, it serves as a cautious reminder for preparedness. Trump’s proposed policies hint at bigger deficits, a smaller workforce, and high tariffs, indicating longstanding high-interest rates. Given that November is still distant, market concerns are currently minimal.
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