House, Senate live updates

Key Points:

• Democrats achieved a major victory in the 2026 midterm elections, flipping control of both the House and Senate from Republicans, enabling them to launch investigations with subpoena power targeting President Trump and his allies.
• Key Democratic wins include Texas Senate candidate James Talarico overcoming heavy spending by Elon Musk-backed Republicans, and historic firsts such as Abdul El-Sayed becoming the first Muslim U.S. senator and a record five Black governors serving simultaneously.
• Senate Finance Committee Ranking Member Ron Wyden outlined priorities including billionaire tax accountability, healthcare expansion, and trade policy, signaling aggressive oversight of corporate and executive conduct linked to the Trump administration.
• House Speaker Mike Johnson announced he will not seek minority leader after GOP losses, while Democrats plan to focus on affordability, healthcare, and anti-corruption legislation despite anticipated vetoes from President Trump.
• The election results prompted market reactions, with shares of Elon Musk's companies falling amid Democratic wins in key states, and broader tech stocks under pressure due to concerns over increased regulatory scrutiny and data center moratoriums.