Democrats win Congress in 2026 midterms, Trump concedes Iran war role

Democrats have won control of both the House of Representatives and the Senate in the 2026 US midterm elections, securing full congressional control and delivering a historic defeat to President Donald Trump's Republican Party. Trump acknowledged Wednesday that the war with Iran was "largely true" as a cause of his party's defeat, citing short-term gasoline price increases, though he defended the conflict as necessary to prevent Iran from obtaining nuclear weapons. Wall Street surged on the results, with the Dow Jones rising 3.03%, as oil prices fell over 8% and the ten-year Treasury yield dropped to 4.89%. Democrats flipped multiple Republican strongholds, including Senate seats in Texas, Iowa, Kansas, and the Carolinas, while record campaign spending reached $11.9 billion. Trump has signaled he will use his veto power to block Democratic legislation, posting a "Veto" cap on social media.