Sunday, May 28, 2023

Republicans win control of the US House of Representatives. financial diary

Republicans regained control of the US House of Representatives, but by a much smaller margin than they had predicted. A significant disappointment for a party that had for weeks been hoping for a landslide victory that would set the stage for the 2024 presidential election.

The Associated Press reported Wednesday night that more than a week after Election Day, and still with several seats up for grabs, the party won the 218 seats needed to control the chamber.

Despite concerns about US President Joe Biden’s handling of the economy and the country’s chances of slipping into recession, Voters delivered a divided mandate in the November 8 midterm elections on who to blame and how much weight to put on other issues, Like abortion rights and threats to democracy.

Democrats Retain Control of US Senate Despite “Red Tide”

political path

Yet the slim majority gives the GOP power over House investigative committees with subpoena authority to investigate Biden’s cabinet and his relatives, as well as Silicon Valley companies that conservatives say are biased against him.

Republicans have also promised to cut public spending, expand fossil fuel production and extend Trump-era tax cuts for the wealthy. However, much of that agenda would be left to the Democratic-controlled Senate.

The Senate remained in Democratic hands after John Fetterman took the Republican seat in Pennsylvania, and Mark Kelly and Catherine Cortez Masto were declared winners in Arizona and Nevada in the days following the election. The Georgia Senate race between Democratic incumbent Raphael Warnock and Republican Herschel Walker will be decided in a runoff on Dec. 6.

GOP House majority would block Biden’s survival agenda, but his lead was one of the smallest In modern times, a midterm election has been won by either party.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news


Please enter your comment!
Please enter your name here