Republicans swept to control of the U.S. Senate by capitalizing on voter anger over President Barack Obama’s handling of the economy, setting up a clash of priorities that will shape his final two years in office and the race to succeed him.
The economy was voters’ most pressing concern as they cast their ballots in the midterm election, with seven of 10 rating conditions poor, preliminary exit polls showed.
More than five years after the recession ended, ordinary Americans still feel pinched. Wages and incomes haven’t recovered even as corporate profits hit records, stocks have almost tripled and the nation’s output of goods and services grew more than $1 trillion from its pre-recession peak.
Read it all from Bloomberg.