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Republicans Secure Control of Both U.S. Congressional Chambers

Donald Trump's party gains majority in the House and Senate, paving the way for his legislative agenda.

  • The Republican Party is projected to hold at least 218 seats in the House of Representatives, with eight races still undecided.
  • In the Senate, Republicans have secured a majority of at least 52 seats, according to Edison Research.
  • Trump's strengthened position is bolstered by a conservative majority in the Supreme Court, including three justices he appointed.
  • Financial markets responded positively to the Republican victories, with expectations of tax cuts boosting stock indices and Bitcoin prices.
  • The Republican control of Congress could facilitate the extension of tax cuts that were a hallmark of Trump's first term.
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