Midterm election for US Congress remains too close to call

Defied expectations of Republican sweep

Elliot Gulliver-Needham
clock • 1 min read

Despite expectations of Republican success in the midterms last night (8 November), the race for Congress remains balanced on a knife edge in the US.

Before the election, it had been expected that Republicans would have a very strong night, with inflation having emerged as the top issue for the electorate while President Joe Biden's approval rating sagged around 40%. Slim margins in the legislature also meant that Republicans needed to add just one seat in the Senate and five seats in the House of Representatives to gain control, creating a 'divided government' as Biden continues to hold the presidency. However, Democrats picked up one Senate seat in Pennsylvania, meaning they will only lose control the chamber if they fail to keep...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Global

US inflation drop to 3% fuels calls for September rate cut from the Fed

US inflation drop to 3% fuels calls for September rate cut from the Fed

Beats expectations of 3.1%

Cristian Angeloni
clock 11 July 2024 • 2 min read
FTSE 'paddling sideways' as dividends propped up by takeovers and buybacks

FTSE 'paddling sideways' as dividends propped up by takeovers and buybacks

1% dividend growth expected this year

clock 01 July 2024 • 2 min read
Record low unemployment rate spells quiet optimism across the Eurozone

Record low unemployment rate spells quiet optimism across the Eurozone

Youth unemployment also falls

clock 30 May 2024 • 1 min read
Trustpilot