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The chances of President Donald Trump facing an impeachment trial after a month of very poor press coverage have increased and reached their highest point in all of 2018, according to oddsmakers.
Political and financial futures site PredictIt showed that the cost of one “Yes” share, which predicted Trump would face impeachment before the end of his first term, opened Sunday at 45 cents, a 12-cent difference compared with January 2.
Last month proved to be a significant one for Trump’s potential impeachment. The price of a “Yes” future on February 28 opened at 39 cents and closed at 38 cents. But by the middle and end of March, the price was firmly in the low 40s and even reached a high of 46 twice, on March 26 and 28.
Those dates are quite significant. The latter was the day after CBS's 60 Minutes aired its interview with adult film actress Stormy Daniels, who claims she had sex with Trump in 2006 in the months after his wife, Melania, had given birth to their son, Barron. Trump has yet to publicly deny the alleged affair and faced considerable backlash.
On March 28, Trump also took to Twitter to praise what he claimed was the construction of his proposed wall along the U.S. and Mexico’s shared border. However, Trump’s claim was later panned, as the construction was only for more fencing and not the wall he had promised his supporters. The president also took lashings for signing the $1.3 trillion omnibus spending bill, which provided only $1.6 billion in wall funding.
“Great briefing this afternoon on the start of our Southern Border WALL! ” Trump tweeted March 28.
Conversely, Trump’s experienced a strong bump in approval ratings in the early months of 2018. His average approval rating was stuck at 37 percent in mid-December, but he’s since rallied to an average of 42.1 percent approving, compared with an average of 52.9 percent disapproving, according to a RealClearPolitics composite of major polls.
Some Democratic lawmakers and one billionaire have pushed to impeach the president but have not seen any success. In two votes for articles of impeachment, Democrats mustered only 66 votes in the House of Representatives. Meanwhile, hedge fund manager and major Democratic donor Tom Steyer has continued a television advertising campaign aimed at convincing voters to reach out to their congressional representative and call for Trump’s ouster.
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