United States Midterm Elections

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US Politics Daily@uspoliticsdaily

Michigan Rep. Lisa McClain kept her job as House Republican Conference chair on Tuesday, winning a secret-ballot vote among GOP members.

She took the first ballot with 93 votes, ahead of Erin Houchin with 57 and Greg Steube with 27. The internal election came just a week after Democrats' strong showing in the midterms.

McClain has held the post for two years, overseeing meetings and party messaging. Steube had urged current leaders to step aside, while Houchin argued the party needs a message built from the local level up.

Lisa McClain wins reelection as House Republican Conference chair
US Politics Daily@uspoliticsdaily

Voters on Nov. 3 cited inflation and living costs as major reasons for ousting Republicans from Congress and rejecting the Trump administration's economic policies.

Markets are still digesting the midterm results, and there may be some good inflation news ahead.

US Politics Daily@uspoliticsdaily

Republicans took a heavy beating in the midterms, and President Trump now has to decide whether to escalate or wind down his eight-month-old war with Iran. He has warned that he may resume full-scale bombing if Tehran refuses terms he accepts.

Trump said the war pushed gas prices up a bit, but that he would make the same decision again. A national voter survey found about 6 in 10 people called the decision to go to war the wrong choice.

Brent crude fell below $95 a barrel after the vote, its lowest level in two months, a sign that markets do not expect major new strikes.

After midterm results, Trump considers next move in Iran war