U.S. Senate control hung in the balance while Republicans moved closer to securing a majority in the House of Representatives, a day after Democrats outperformed expectations and avoided a Republican ‘red wave’ in midterm elections Election2022
U.S. stock indexes fall as uncertainty weighs on traders' mood
If the parties split those races, the Senate's fate would come down to a Georgia runoff election for the second time in two years, after Edison Research projected neither Democratic incumbent Raphael Warnock nor Republican Herschel Walker would reach the 50% necessary to avoid a Dec. 6 one-on-one rematch.
Speaking at a White House news conference, Biden vowed to work with Republicans and said he understood voters are frustrated despite Democrats' surprisingly competitive campaign. The election fell short of the sweeping victory Republicans had sought, as Democrats eluded the kind of heavy midterm defeat that often plagues sitting presidents of either party.were punishing Biden for presiding over an economy hit by the steepest inflation in 40 years at 8.2 percent, while also lashing out against Republican efforts to ban abortion and cast doubt on the nation's vote-counting process.
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