From The Rio Times · Contributing Reporter · · 1m 10s
Trump Calls Midterm Loss a Giant Step Back
Trump claims US took 'giant step back in History' after Democrats win Congress.
In brief
Trump claims US took 'giant step back in History' after Democrats win Congress. Trump said US took a 'giant step back in History' with midterm election results as Democrats gained control of both Congress chambers. Originally reported by The Rio Times.
Trump's statement
Trump called the midterm results a 'giant step back in History' on Sunday, 8 November 2026.
“America took a giant step back in History with the results of the last Election”
Election results
Democrats took control of both the House and Senate in the election on Tuesday, 3 November 2026.
“Democrats took control of both the House and the Senate in the election on 3 November 2026”
Market impact
The S&P 500 fell 4.4% on Thursday, 5 November 2026, two days after the vote.
“The S&P 500, an index of 500 large US companies, fell 4.4% on Thursday, 5 November 2026”
Trump's market claim
Trump said the stock market took a 'one day, 3 Trillion Dollar loss'.
“we will be back, BIGGER AND STRONGER THAN EVER BEFORE”
Congress transition
The new Congress takes office on 3 January 2027, after the election results are finalized.
“The newly elected members take office on 3 January 2027”
Policy implications
Latin American governments will now deal with a Congress no longer led by Trump's party.
“Latin American governments watching US tariffs, aid and sanctions will now deal with a congress that is no longer led by Trump's party”
Uncertainties
It is unclear how Trump plans to work with a Democratic Congress or what policies he will change.
“It is also unclear how he plans to work with a democratic congress”
Next steps
The newly elected Congress will write spending bills and vote on trade measures starting January 2027.
“The result changes who runs congress from january, and congress writes the spending bills and votes on many trade measures”
The key point
Trump said US took a 'giant step back in History' with midterm election results as Democrats gained control of both Congress chambers.
