š³ļø A major development in the U.S. midterm elections:
The Associated Press projects that Democrats will win control of the Senate, while ABC News projects that they will retake the House.
Both results remain media projections and have not yet been officially certified.
In key Senate races, Democrat James Talarico defeated Ken Paxton in Texas, while Sherrod Brown beat Jon Husted in Ohio, flipping the seats for the Democrats.
If Democrats ultimately control both chambers, President Trumpās legislative agenda could face greater opposition.
Congressional investigations and the Senateās review of presidential appointments could also be affected. Trump will remain president and retain veto power.
As the election results become clearer, markets are also watching energy prices, the cost of living, the interest-rate outlook, and potential policy changes under the new Congress.
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MidtermElections# #
USPolitics# #
Markets#