United States

Republicans win control of Congress


Republicans have taken control of both houses of Congress in yesterday’s mid-term elections, creating more problems for Democrat President Barack Obama.

Although the results are still incomplete, by midnight last night the Republicans had control of 52 of the 100 Senate seats with Alaska still to announce and a runoff in Louisiana in December where neither candidate reached 50% of the vote. The Republicans won the Senate seats of Arkansas, Colorado, Iowa, Montana, North Carolina, South Dakota and West Virginia from the Democrats.

In the House of Representatives the Republicans quickly moved past the 218 seats required for a majority and had taken 239 seats at the time of writing but might exceed the 246 seats which was their high point under President Harry S. Truman’s administration in the late 1940’s and early 1950s.

The results create problems for both the Democrats and Republicans. With loss of control of both houses of Congress, Democrat President Barack Obama will have to work with a Congress which is largely hostile to his policies. He has called an early meeting of all factions to discuss the way forward. For the Republicans the large majority means that they will no longer have any excuses and cannot blame the President in the way they have over the past few years. There are likely to be disagreements between factions within the Republican Party and now they are going to have to formulate a clear and concise set of policies which will help them to win the Presidential election in two years’ time.

More detailed briefing on the politics and risk of doing business in this country is available to clients and subscribers. If you would like to know more then please contact enquiries@tradebridgeconsultants.com