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LatestTrump's $5,000 Dividend Fades as Democrats Seize Congress
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Politics · National

Democrats Sweep Congress, Vowing Probes Into Trump's Business Empire

Voters rejected the Republican war on Iran and corruption fears, handing Democrats control of both chambers and a mandate to investigate the president's finances.

By Yasmin Kovalenko ·

Illustration for: Democrats Sweep Congress, Vowing Probes Into Trump's Business Empire
A newsroom in Washington, D.C., monitors the final results of the 2026 midterm elections, where Democrats secured control of both chambers of Congress.

Democratic candidates captured a commanding lead in both chambers of the U.S. Congress on Tuesday, November 3, in a midterm election that marked a significant shift in national power. According to Ballotpedia, Democrats won 238 seats in the House of Representatives and 20 of the 35 Senate seats on the ballot, securing majorities in both legislative bodies. This result reverses the Republican control established in the 2024 elections and provides the Democratic Party with a unified front to oversee the administration of President Donald Trump.

The election results reflect deep dissatisfaction among voters regarding the cost of living and the ongoing conflict with Iran. The Associated Press reported that the electorate was driven by anger over high prices and the administration's handling of the war. Exit polls indicated that record Election Day diesel and gasoline prices pushed many Americans toward Democratic candidates, who framed the vote as a referendum on the president's second term. The war, which has lasted eight months, contributed significantly to the Republican losses, with many voters citing elevated energy costs as a primary factor in their decisions.

Senate Majority Leader Chuck Schumer of New York, who is poised to return to the leadership role, emphasized that Americans want to see government corruption cleaned up. He stated that no American should have to make tradeoffs at the supermarket while the president makes inside trades on the stock market. Schumer’s comments highlight the party’s intent to use its new majority to scrutinize the financial dealings of the Trump family and other figures in his orbit. The Senate is expected to conduct similar investigations, focusing on real estate projects and crypto dealings that have drawn public attention.

In the House, new Speaker Hakeem Jeffries of New York has not ruled out a third impeachment effort against President Trump. His leadership team, including Rep. Robert Garcia of California and Rep. Jamie Raskin of Maryland, has already tasked committee ranking members with leading the oversight effort. Garcia, who is expected to chair the Oversight and Government Reform Committee, outlined five priorities for the new majority. These include investigating Trump family business dealings, the administration’s handling of the Jeffrey Epstein files, and Immigration and Customs Enforcement operations. The new House majority brings an infusion of staff and resources that will allow for a sprawling investigative agenda.

Democrats also gained control of several key governorships, further expanding their influence across state governments. Ballotpedia reported that Democrats won 22 of the 36 gubernatorial races, with five seats changing party control from Republican to Democratic. Notable gains were recorded in Georgia, Iowa, Ohio, and Texas. In Texas, Governor-elect Gina Hinojosa indicated that the state would introduce laws to protect residents regarding data centers, citing their impact on rural communities. These state-level victories provide Democrats with additional leverage in the broader fight over national policy and infrastructure development.

The Republican Party, despite a significant money advantage, failed to stem the tide of Democratic gains. The Associated Press noted that Republicans had spent tens of millions of dollars in the final stretch of the campaign, particularly in states that President Trump won handily in 2024. However, the party’s redistricting efforts, which were intended to create a seawall against Democratic momentum, were swept aside by what Reuters described as a Democratic tsunami. The failure of these strategic initiatives underscores the depth of voter dissatisfaction with the current administration’s direction.

President Trump faces the difficult question of how to proceed with the war in Iran now that his party has lost its congressional shield. He suggested in an Oval Office exchange that the election losses are not weighing on his calculations, stating that the administration is locked in if further action is required. Analysts suggest that the president may feel less restrained in his decisions, but the strategic logic of escalating strikes remains complex. The price of Brent crude oil tumbled below $95 after the election, signaling that markets do not expect major immediate strikes, but the situation in the Red Sea remains volatile due to Houthi attacks.

The election also brought a wave of historic firsts, including the election of Abdul El-Sayed to the U.S. Senate from Michigan. El-Sayed, the first Muslim American U.S. senator, used his victory speech to mock critics who had questioned his loyalty and faith. He addressed Vice President JD Vance, who had warned that El-Sayed would lead rioters, by calling him habibi, a term of affection meaning my beloved. The use of the Arabic term delighted supporters in the Middle East and signaled a new era of representation in the federal government. El-Sayed’s victory was seen as a turning point for Arab and Muslim Americans, who have long faced prejudice in political discourse.

Democrats are now focused on advancing legislation and ramping up congressional oversight to hold the administration accountable. The new majority in the House will have the power to issue subpoenas and control the flow of information from executive agencies. In the Senate, the focus will be on confirming new judicial nominees and shaping the legislative agenda for the coming year. With control of both chambers, Democrats have a clear path to implement their policy priorities, including checks on executive power and measures to address the affordability crisis that drove voters to the polls.

The shift in power in Washington is expected to have immediate implications for the national budget and the government’s borrowing limit. Investors are focused on the risk of standoffs between the new congressional majority and the White House, which could unsettle markets. The Democratic Party’s victory provides them with a big microphone and spotlight to scrutinize the president’s trade policies and tariffs. As the new Congress convenes in January, the focus will turn to how effectively the party can translate its electoral mandate into tangible policy changes for American families.

Source: Associated Press, Reuters, Ballotpedia

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