June 24, 2022 14:21 GMT
markets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed IncomeForeign ExchangePolitical Market News
The US Supreme Court has overturned the landmark Roe vs. Wade ruling that legalised abortion nationwide in the United States in a decision that will have a major impact on the midterm elections in November.
- Ruling can be found here: https://www.supremecourt.gov/opinions/21pdf/19-139...
- Supreme Court ruling: "The Constitution does not confer a right to abortion; Roe and Casey are overruled; and the authority to regulate abortion is returned to the people and their elected representatives.”
- Vote was split 6-3 in favour of repealing, with Chief Justice John Roberts and Associate Justices Clarence Thomas, Samuel Alito, Neil Gorsuch, Brett Kavanaugh, and Amy Coney-Barrett in favour with Stephen Breyer, Sonia Sotomayor and Elena Kagan dissenting.
- The extremely polarised nature of the ruling in the US means the issue is likely to feature heavily as part of the political dialogue in the run-up to the November mid-term elections.
- Races that may have been focused on the US economy, the environment, education or a plethora of other issues could now see abortion rights rise to the top of the agenda.