March 16 -- U.S. President Barack Obama will nominate Merrick Garland, chief justice of the U.S. Court of Appeals in Washington, D.C. for the seat on the Supreme Court, according to people familiar with the matter. Republicans have vowed to block any nominee to the court by Obama in the last year of his term. Bloomberg's Toluse Olorunnipa and Megan Murphy report on "Bloomberg Markets."

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