WASHINGTON–Democrats have emerged from the election not only with control of the White House, but with a workable majority in Congress as they prepare to deal with a faltering economy and several insurance issues that are likely to be on the front burner.
They are projected to gain at least 18 seats in the House, giving them a 252-173 majority. In the Senate they appeared to gain only five seats for a 56-44 majority, short of the 60 needed to close off a filibuster.
The change comes amid speculation on a possible leadership change for the Senate committee that deals with insurance issues and industry concerns over how President-elect Barack Obama and the new Congress will handle issues ranging from an optional federal insurance charter to the Troubled Asset Relief Program and credit scoring.
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