We survived another election season and an interesting one it was. At the macro level, voter turnout nationally was huge with nearly 100 million people voting representing an increase of almost 25 percent over the last midterm. The divide of the suburban vote and urban vote continued to widen with Republicans losing more ground in suburban districts but maintaining a stronghold in rural areas. 100 new members of Congress will be making their way to DC. Of those 100, 63 are Democrats and 37 are Republicans.
While the Republicans held the majority in the Senate (and even gained a couple seats), the majority in the House flipped with Democrats picking up 37 seats. This was not altogether unexpected but will create some interesting leadership changes in the House. Nancy Pelosi certainly has the upper hand for Majority Leader. The House Financial Services Committee will be chaired by Maxine Watters which will make for a much different tone than we’re used to out of this committee.
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