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House Judiciary Committee approves Trump impeachment charges

The U.S. House Committee on the Judiciary approved two articles of impeachment against President Donald Trump, setting the stage for a full House vote next week.

The two articles, one on President Donald Trump's alleged abuse of power and the other on obstruction of Congress during the impeachment inquiry, were approved in separate votes with 23 in favor to 17 against each time.

The White House hit back on the committee vote, with Press Secretary Stephanie Grisham calling the proceedings a "shameful end" to the House impeachment inquiry that she described as a "desperate charade."

Hours before the vote, Trump tweeted that he had done nothing wrong. House Democrats allege that Trump pressured Ukrainian President Volodymyr Zelensky to investigate former Vice President Joe Biden in exchange for military aid.

S&P Global Ratings said the impeachment proceedings would not affect the country's credit ratings. "Our stable outlook on the long-term U.S. rating already incorporates our view that political divisions will limit progress with new economic or other policies, at least until national elections in November 2020," the rating agency said.