Elections
Republicans Win Control of US Senate Ahead of Key Tax Fight
- Progressives’ hopes of shifting the burden of taxation dashed
- Trump victory extended a sharp bond selloff, US yields jumped
This article is for subscribers only.
Republicans won control of the US Senate amid a slew of victories by allies of Donald Trump, giving the GOP powerful leverage in high-stakes tax and spending battles next year.
GOP candidates defeated Banking Chairman Sherrod Brown in Ohio, unseated Montana’s Jon Tester and picked up the open Senate seat in West Virginia. Nebraska Republican Deb Fischer also fended off an unexpectedly tough challenge, giving the party at least 52 seats in the 100-member Senate. That means the GOP will have the final say in the Trump’s executive and judicial nominations.