Investors had an eye on the midterm races from Wall Street. There are still many races that have not been called and control of Congress remains uncertain.
In the days leading up to the midterm election, the stock market had been rising in anticipation of a Red Wave, which would have kept President Biden from pushing his legislative agenda forward.
The first two years of the Biden administration featured a number of spending packages. The American Rescue Plan is anticipated to spend $1.9 trillion, other omnibus proposals include the $370 billion Bipartisan Infrastructure Law, the $80 billion CHIPS and Science Act, and $55 billion in aid for Ukraine. Executive orders related to health care will lead to $175 billion in new deficits, while an increase in food stamp spending will add $185 billion.
President Biden has destroyed the stock market in under 2 years.https://t.co/o2kjluJ78q
— Senator Ted Cruz (@SenTedCruz) November 8, 2022
Republicans lost some high-profile races Tuesday, including Dr. Mehmet Oz's loss to John Fetterman in the Pennsylvania Senate race. There will be a runoff in Georgia to settle the battle between Democrat Raphael Warnock and Republican Herschel Walker.
Two Republicans took home gubernatorial wins against Beto O'Rourke and Stacey Abrams. They were defeated by Greg Abbott in Texas and Brian Kemp in Georgia. Florida Governor Ron DeSantis had an impressive showing defeating Democratic challenger Charlie Crist in a landslide victory.
Most projections predict the Republican Party to narrowly take control of the House with the Senate still to be determined.
Trending Political News
Jon Stewart Makes Stunning Admission About the Biden Family
Jon Stewart, comedian and former host of The Daily Show, has definitely proven he leans more than a little to the left over the years. That said, he's still able to call it like he sees it on both sides of the aisle every once in a while. This is one of those instances.
In the latest episode of his Apple TV+ podcast “The Problem with Jon Stewart,” Stewart discussed the Hunter Biden laptop story and how it was buried as "Russian disinformation." He discussed with British journalist Gabriel Gatehouse about how this was an erroneous conclusion for the media.
President Biden Gives Insane Response When Asked About Potential Criminal Charges for Hunter
It's natural to feel pride for your son even when it's probably not what you shouldn't, but in this instance, it was a very strange response from President Biden.
Biden was asked by Jake Tapper of CNN about potential chargers coming against the man he once described as the "smartest man" he knows.
Donald Trump Needs Just Two Words to Respond to Megyn Kelly's Bold 2024 Prediction
During an interview with Dave Rubin earlier this month, Megyn Kelly weighed in on a potential Trump-DeSantis showdown in the 2024 presidential primaries. Kelly believes DeSantis doesn't have a shot against Trump.
"I just don't think anybody else could win if Trump runs," Megyn started.
Kari Lake Gives Savage Advice to Her Gender-Confused Political Opponent
Arizona Gubernatorial candidate Kari Lake spoke to a massive crowd at her Country Concert and Rodeo Rally featuring Senator Marsha Blackburn and country music singer John Rich on Saturday.
While speaking to the crowd, Lake blasted the fake news media and the terrible ideas of her political opponent Katie Hobbs. She took a shot at the Democrat "progressive" policies when she borrowed a line from John Rich saying, “stick your progress where the sun don’t shine.”
Dr. Oz Gives Perfect Response to John Fetterman's Excuse for Poor Debate Performance
Democrat John Fetterman had complaints about the closed-captioning system used at his debate with Republican Dr. Mehmet Oz.
Going into their debate Oz and Fetterman agreed to use a closed-captioning system that would feature a live transcription of the debate moderators' and Oz's words would appear on two large TV screens offstage.
Netflix Offers New $6.99 Plan, But There's a Catch
The streaming giant Netflix is facing price inflation and looking to boost per-subscriber revenue. On November 3rd Netflix will release an ad-supported subscription option on November 3, priced at $6.99 a month.
Leave a Reply