Stephen Myrow, managing partner at Beacon Policy Advisors, discusses how the markets are poised to react to the USA midterm election results.
The White House has been stressing the historical headwinds it faced: In the last three decades, 2002 was the only midterm election when the party holding the White House gained Senate seats.
A simple House majority would be enough to impeach Trump if evidence surfaces he obstructed justice or that his 2016 campaign colluded with Russian Federation.
The tax law has been particularly problematic for Republicans in New Jersey, where four of five GOP-held seats were being seriously contested. Trump spent election night watching returns with family and friends at the White House, his shadow looming large over the results. Moscow denies meddling and Trump denies any collusion. At least seven of the new members have said they won't support Pelosi in the leadership elections set to be held in late November.
The race has attracted the attention of President Donald Trump, who campaigned for Barletta, and of former President Barack Obama, who came to Philadelphia in September to campaign for Casey.
The election is the culmination of two years of Democratic activism beginning virtually the day after Trump won the 2016 election and officially kicking off with Women's Marches across the country on the day after his inauguration.
In Washington, only the House will change hands, as voters elevated the Democrats to serve as a check on the scandal-plagued President and his party. Lastly, the President talked to Sen. A record number of women were running for Senate, House, governorships and state legislative seats.
As millions of voters turned out to vote, Democrats claimed that they were 100 per cent sure of reclaiming the House from Mr Trump's Republicans.
President Trump's relentless focus on immigration as his main campaigning issue was rewarded with victories over Democrat senators in Indiana, North Dakota and Missouri - all states which backed him in 2016 - but it was also blamed for turning off support in suburban areas and among women voters.
Some of the biggest Democratic stars of the campaign season were struggling.
Despite waves of losses in the House there were bright spots to celebrate for the Republicans in the Senate.
But Andrew Gillum lost to Republican Ron DeSantis in his quest to become the first African-American governor of the key swing state of Florida.
In gubernatorial races, Republican Kris Kobach, a Trump ally, was beaten by a Democrat in Kansas.
Democrats celebrated a handful of victories in their "blue wall" Midwestern states, electing or re-electing governors in Michigan, Pennsylvania, Minnesota and in Wisconsin, where Scott Walker was defeated by state education chief Tony Evers. Exit polls showed that 64 percent of voters said Trump was a reason for their vote.
Much virtual ink has been spilled analyzing what the effect on the Democratic Party will be of the election of a handful of Democrats who have sharply criticized Israel.
Trump is trying to defy historic omens that suggest that commanders in chief often get a rebuke from voters in the midterm election of their first term.
They may make fresh targets for his divisive rhetoric.
Many Democrats are counting on anti-Trump fervours to drive their base to the polls, but some advocate ignoring the politics of personal destruction and zeroing in on policy debates.
Aside from the legislative challenges a Democratic House would pose, the White House has been grappling with how its political opponents would wield new investigative powers should they assume control.
Yet Trump's party will maintain Senate control for the next two years, at least. Trump was badly underwater among women voters - who favor Democrats 62% to 35% - a gender gap, that if borne out by real votes, could prove devastating to Republican hopes.
Heitkamp lost to GOP Rep. Kevin Cramer, whom Trump persuaded to seek the Senate seat.
Republicans entered the night commanding the Senate only narrowly, 51-49. She also tamped down liberal cries for Trump's impeachment. They ran up the score among voters with college degrees and flipped seats in historically Republican suburbs of cities like Richmond, Chicago and Denver.
No, they don't. It's an agenda of more taxes, more regulations, and less economic growth.