President Donald Trump’s pick to join the U. S. Supreme Court is likely to hearten businesses and investors.
Judge Neil Gorsuch, 49, is described as “Scalia 2.0” by FBR & Co. analyst Chris Meekins, who said the Harvard Law School graduate takes a similar view as the late Supreme Court justice Antonin Scalia in applying an “originalist” legal framework to interpret the Constitution. Gorsuch, who has served on the Tenth Circuit Court of Appeals in Denver since 2006, is also viewed favorably by proponents of government deregulation.
Donald Trump appointed Judge Neil Gorsuch to the Supreme Court Tuesday night. CBS News chief legal correspondent Jan Crawford joins CBSN with the…
The judge would fill the seat left vacant on the nine-person Supreme Court by Justice Antonin Scalia’s unexpected death last February. Yet it’s not likely to be a quick path to confirmation, given that Republican lawmakers snubbed the Obama Administration’s choice of moderate Merrick Garland. With Mr. Trump now making his pick, Democrats are likely to return the favor by slowing down the nomination process. It’s unlikely that Gorsuch would hear cases until October, Meekins said.
“This is going to be a long fight, and there will be a lot of uncertainty,” Meekins said. “One thing investors don’t appreciate is how much focus a Supreme Court nomination will consume in Washington, D. C. Other things could get delayed.”
Following President Trump’s announcement of Judge Neil Gorsuch as Supreme Court Justice nominee, a CBSN panel discussed how it will play with the…
As a result, long-awaited reforms such as the tax overhaul pledged by Mr. Trump could get pushed later into 2017. Progress on Mr. Trump’s promise to repeal the Affordable Care Act may also be slowed as lawmakers battle over the Supreme Court nominee.
Once the justice is sworn in, there are three spheres of business where he is likely to play an important role in shaping the court’s legal decisions: finance, health care and energy, according to an analysis from Meekins and his colleagues at FBR.
Below are five issues that could be influenced by the newest Supreme Court justice.
“Whatever the outcome, uncertainty is likely to persist for coal-fired generation well into 2017,” FBR analysts said in a research note.
The CFPB has appealed the decision, and the case could come up before the Supreme Court.
“The disparagement clause places an economic penalty on brands that choose to express a certain message — the definition of an unconstitutional condition,” the libertarian Cato Institute wrote in December.
