House Speaker Kevin McCarthy has declared his intention to initiate an official impeachment inquiry into President Joe Biden over unverified allegations that Biden benefited financially from his son's overseas business activities.
What Happened: McCarthy announced on Tuesday, according to CNN, that he's urged his committees to start an impeachment inquiry into President Biden. The decision to take this action comes as some congressional conservatives have hinted at removing him from his speaker position if he doesn't advance the impeachment investigation.
McCarthy spoke outside his Capital Hill office, calling for the House of Representatives to investigate the "allegations of abuse of power, obstruction and corruption." He has not yet provided any solid proof connecting the President's financial gain to his son's foreign business dealings, CNN reports.
See Also: Trump Goes On High-pitched Rant About Biden's Golfing Skills: 'He Makes Up These Stories'
The House Speaker has chosen Reps. Jim Jordan (R-OH) James Comer (R-KY), Jason Smith (R-MO) to spearhead the investigation. According to the CNN report, McCarthy and other high-ranking House Republicans are expected to present their argument at a special conference meeting on Thursday concerning Republican-led congressional investigations.
This call for an impeachment inquiry by McCarthy aligns with his earlier indications during the recess that he might go forward with an investigation concerning Hunter Biden's business transactions. He has reportedly informed Republicans in private that he intends to initiate the process by September's end.
Why It Matters: This move marks a significant escalation in McCarthy's stance on the matter. In August, McCarthy described the potential impeachment inquiry into President Biden as a "natural step forward" amid ongoing Republican investigations into the Biden family. Back then, he had hinted at the possibility of initiating an impeachment inquiry when Congress reconvened. Now, this has materialized into a full-fledged call for a formal impeachment inquiry.
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