Republicans Poised to Win Control of House in Midterm Elections, Senate Outcome is Unknown

While votes continue to be counted, Republicans made modest gains on Tuesday’s midterm elections and are on track to win the majority in the House of Representatives. However, Democrats did better than expected and it became apparent as the night wore on that the “red wave” predicted by some pundits had failed to materialize. 

Under the new Republican majority in the House, expect to see some or all the following issues addressed:

• Methods to positively affect the U.S. economy
• Increased scrutiny of technology companies
• An “all of the above” approach to energy solutions
• Government accountability

On the Senate side, John Fetterman (D-PA) pulled off a surprising win over celebrity doctor Mehmet Oz (R-PA). Flipping this seat gives Democrats a buffer even if they lose one of the two competitive western states, Arizona, and Nevada, where votes are still being tallied.

Control of the Senate centers on several very tight races including the one in Georgia between incumbent Senator Raphael Warnock (D-GA) and former NFL running back Herschel Walker (R-GA). As neither candidate received 50% of the vote, this race is likely headed for a runoff vote on December 6. Therefore, it is possible we won’t know who controls the Senate until after the runoff takes place. In the meantime, no one is expecting major legislation to get passed in the Lame Duck session.