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Tea Party scores big wins in key races

Tea Party scores big wins in key races

Voters embraced the tea party’s conservative throw-the-bums-out anthem in key races across the country, with the movement’s favored candidates taking more than a dozen House seats held by Democrats, three Senate races and the South Carolina governorship. The movement commanded widespread victories but did not make a complete sweep, with the most prominent losses coming […]

Stalemate seen in Congress on banking and housing

WASHINGTON (Reuters) – Republicans grabbed the steering wheel of the U.S. House of Representatives on Tuesday, but weren’t expected to get out of the driveway when it comes to restraining Wall Street reforms and fixing housing finance. Read the full story from Reuters

Harry Reid hangs on to win in Nevada

Harry Reid hangs on to win in Nevada

Senate Democratic Majority Leader Harry Reid won re-election in Nevada against Republican Sharron Angle in a tight race, Fox News projected on Wednesday, a blow to Republicans who had hoped to oust him. Republicans had targeted Reid and poured millions of dollars into Angle’s campaign, which was also backed by the conservative Tea Party group. […]

Split Congress could mean more gridlock on Capitol Hill

Split Congress could mean more gridlock on Capitol Hill

Republicans grabbed the steering wheel of the U.S. House of Representatives on Tuesday, but weren’t expected to get out of the driveway when it comes to restraining Wall Street reforms and fixing housing finance. A political standoff lies ahead for two years on key banking and housing issues as election returns showed Democrats losing control […]