Midterm election years are usually before-and-after stories for the stock market. "The before is almost always negative and the after is almost always positive," says Sam Stovall of Standard & Poor's. This year, however, could be different.
For all of the political noise about tax policy, cuts, it is hard to make a convincing case that either cuts or hikes make much of a difference in economic growth or job creation. "I really don't think you can," says one economist.
CNBC gives cutting-edge coverage of the 2010 midterm elections, with analysis that impacts people on both Wall Street and Main Street. Here is the latest analysis from reporters on the front lines.
Here's a look at the congressional seats, governorships, state legislatures and some of the ballot measures that will be on ballots around the country on Nov. 2.
Voters were intensely worried about the future of the economy, a tide of dismay that rolled through groups that can swing elections—women, independents, suburbanites—and turned more of them toward Republicans.
California voters said no thanks to a ballot initiative that would have made it the first state to legalize marijuana for recreational use and sales.
Players from the world of business and finance—CEOs, investment managers, entrepreneuers—often move into the world of politics and government and the 2010 election is no exception.
CNBC will track several key mid-term election contests that distill the dollars-and-cents dilemmas facing Americans as they choose new representatives, senators and governors this fall.
A midterm election yielding a GOP Congress to offset a Democratic president, seasonal factors and stocks' status as a "humiliated asset class" should combine to power a sizable rally in the coming months.
New York Republican gubernatorial candidate Carl Paladino told CNBC Thursday that he would slash spending and taxes across the state, especially for businesses.
California gubernatorial candidate Meg Whitman told CNBC Friday that the “way forward,” out of the state's bloated government, deficit and high taxes, was to look at what New Jersey Gov. Chris Christie has done since taking office.
Jerry Brown, California attorney general and gubernatorial candidate, told CNBC Friday that he has a history of balancing the state’s budget, coming up with a surplus and overseeing job growth, as governor previously.
The balance of power in both houses of Congress are at stake in November's midterm elections. As we countdown to November 2nd, we want to know what issue matters most to the investing public.
If there is a single message unifying Republican candidates this year, it is a call to grab hold of the federal checkbook, slam it closed and begin to slash spending. But while polls show that the Republicans’ message is succeeding politically, Republican candidates and party leaders are offering few specifics about how they would tackle the nation’s $13.7 trillion debt. The NYT reports.
In Washington, the election outcome is a foregone conclusion – a solid GOP victory in the House, well in excess of the 39-seat magic number, with the Democrats narrowly retaining the Senate. Not only is this outcome conventional wisdom inside the Beltway, but it appears to be fully priced into the markets as well.
A healthy dose of balance and good old fashioned Washington debate might be just what is needed for investors.
Three days after the midterms, whichever politicians make it to Washington will get a stark reminder of one of the key challenges they're likely to face during the coming term—the unemployment number, which lands this Friday. Indeed, for many the number may come to be the one issue which defines their tenure in office.
Change is coming. People are angry. The Republicans are energized. They will rise up Tuesday and gain power. Or so we're told. But not in California. Or so we're told.
I’ve lived through many presidential and mid-term elections, and I don’t recall seeing this level of anguish, frustration, and outright anger from the American people. We’re in unchartered territory.
Rand Paul, Republican candidate for Senate from Kentucky and Tea Party leader, called for the automatic sunsetting of federal regulations, unless they are approved by Congress.