The key facts
- In the November 3 elections, the Democratic Party won a majority in both chambers of Congress
- Trump called the results a giant step backward and claimed the market lost $3 trillion in one day
- The 120th Congress will convene on January 3, 2027; until then the Republicans retain the majority
Election results and the president's reaction
US President Donald Trump called the results of the midterm congressional elections a giant step backward in America's history. He posted his assessment on the social network Truth Social, accompanying it with a promise: But do not fear, we will return, bigger and stronger than ever before. This was reported by Life.ru and Gazeta.Ru.
What is known about the elections
The midterm elections took place on November 3. Americans re-elected all 435 members of the House of Representatives and 35 senators, as well as governors in 36 states and territories. As a result of the vote, the Democratic Party secured a majority in both chambers of Congress, taking control of the legislature away from the Republicans.
Claim about stock market losses
Trump linked the election results to the situation on the stock market: Even the stock market, which under Trump was rocketing upward, lost $3 trillion in a single day. Life.ru notes that the cited figure is the president's own assessment, and the claim of a direct link between the drop in quotes and the election results remains a matter of debate. The outlet points out that US indices had indeed previously fallen sharply, with technology stocks hit especially hard.
What changes and when
The new, 120th Congress will begin work on January 3, 2027. Until then, both chambers will continue operating in their previous composition, where the Republicans retain the majority — meaning the real transfer of control to the Democrats is postponed for two months after the elections.
Trump's position before and after the elections
Earlier, in an interview with The New York Times, Trump assured that he would recognize the results of the vote regardless of which party won the majority, and allowed for working together with his opponents — Life.ru reported this. At the same time, even before the elections, according to the same outlet, he threatened to turn into Mr. Veto and block the Democrats' initiatives until political agreements are reached. Gazeta.Ru adds that Trump said the election results surprised him, but refused to consider the Republicans' defeat his own. Political scientist Vladimir Kornilov, quoted by Gazeta.Ru, noted that foreign policy remains in Trump's hands, so a drastic restructuring of Washington's relations with Kyiv and Moscow should not be expected — this is the expert's assessment, not an established fact.
