Blue wave meets red wall: Dems take House but lose seats in Senate
Divided US Congress will likely mean less uncertainty for markets
greatest hopes – and worst fears – of both main political parties in the US went unfulfilled in the midterm elections on Tuesday, as the Democrats were projected to wrest a majority in the House of Representatives away from the Republicans, but at the same time will lose Senate seats.
That is the scenario most likely to shape up after the votes are tallied, and also matches most forecasts ahead of voting on Tuesday.
In the Senate, the Republicans had the 51 seats needed for control, while in the House of Representatives, the Democrats had passed the 218 they needed and had 219 seats.
A divided Congress will be welcomed by markets, analysts say, as it will portend no dramatic policy changes.
Markets in Asia and Europe mostly rose on Wednesday, but analysts warned about the economic impact from gridlock on Capitol Hill left the two houses of Congress split between Democrats and Republicans.
http://www.atimes.com/article/blue-wave-meets-red-wall-dems-take-house-but-lose-seats-in-senate/
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