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Officials discussing 25th amendment after Capitol riot

Yahoo Finance's Rick Newman joins Kristin Myers to break down the latest from DC as talks of Trump's removal from office continue.

Video Transcript

KRISTIN MYERS: And I'm going to quote you here that Trump's meltdown actually makes Biden more powerful. Just dive into that for us a little bit.

RICK NEWMAN: Sure. Two things. The first is, well, we were talking about it before-- the riots at the Capitol, which is Democrats winning those two Senate races in Georgia and obtaining control of the Senate. It's a very narrow majority to have, just one vote with the tiebreaker from the vice president. But it is a majority, nonetheless.

So that is a dramatic change in the prospects for Biden's ability to get cabinet members appointed. He can pretty much get anybody he wants appointed, now. And then, the type of legislation he's going to be able to get through-- he's not going to be able to do whatever he wants, because there are still some conservative Democrats. And then, there's the issue of the filibuster. So there will be limits. But it does really change what Biden can get through.

And now, with what happened yesterday, and everything Hunter Walker was just describing, the political consequences of this are that Trump has basically shattered his own political power. And Hunter mentioned, we're seeing Trump's own allies start to break with him. Mitch McConnell has essentially disowned him. Mike Pence has essentially disowned him.

And the effect of this in Congress is that Republicans will no longer have to show fealty to Donald Trump as they are going about dealing with legislation. Trump is-- now, he's so far outside the mainstream that he's not going to be the political power broker on the Republican side that he might have been had this gone better and he-- and had he left office in a more dignified way.

So-- so we have seen the complete disintegration of the Republican Party into two groups. One is what you might call the traditional Republicans-- the Reagan, the institutionalists Republicans. That's Mitch McConnell and some of the other leadership. And then, you've got Ted Cruz and Josh Hawley and, basically, the rump Trumpers, I guess you might call 'em.

And this is going to be easier for Democrats to get some Republican allies on modest or moderate legislation that they might not otherwise be able to get if Republicans still had to show this fealty test to Trump. So this is a seismic shift just in the last three days in what we're likely to expect out of Congress during the next two years.