AGP Executive Report
Last update: an hour agoWashington: Democrats won control of both chambers of Congress in a sweeping midterm rebuke to President Donald Trump. They can block legislation, scrutinize appointments and launch investigations, while Trump’s allies debate the Iran war’s role in the loss and Republicans face a leadership shake-up. State Power: Democrats also made major gains in state legislatures, including flips in several longtime Republican strongholds, reshaping the political landscape beyond Washington. Markets: U.S. stocks rallied as investors welcomed an end to election uncertainty, while oil prices fell amid questions about the policy outlook. Critical Minerals: New York is backing Phoenix Tailings’ rare-earth separation project with an estimated $54.2 million in state, local and infrastructure incentives, aiming to expand domestic production.
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