A week after the US went to the polls, control of the Senate remains in Democratic hands while the House appears to be headed towards a narrow Republican majority. The final counting in some key races has yet to be finalized. News organizations have projected the final count will be 216 Democratic seats and 219 Republicans.  A majority is 218.

What does this mean for legislation?

Kevin McCarthy or whomever leads the House Republicans will have a real challenge getting bills passed by the House.  With this razor thin majority, a handful of Republican House Members can torpedo legislation by threatening to withhold their support.  On several occasions the Democratic leadership had to modify proposals when a group of either moderates or progressive didn’t support legislation. 

Assuming the Republicans do win a majority, important new Members will be from swing districts in Democratic states such as New York and California where Rs had some of their key pickups.  With former President Trump reportedly ready to launch his Presidential campaign this week it is likely to put a spotlight on his leading supporters in Congress.  Former President Trump is not afraid to weigh in on upcoming key votes; in fact, he has already said that Senate Republic...

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Macro subscription is required in order to access this content.

*Free trial available only on a monthly plan

Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 2 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In

Don't Miss Out
First Month Free