Democrats win House, target Trump family businesses with subpoenas

fortune.com —

Democrats won control of the House on Tuesday, gaining limited power over President Donald Trump's agenda and broad authority to investigate his family's businesses, with the incoming Oversight chair vowing to probe their crypto deals. Democrats needed a net gain of just three seats and succeeded with wins in suburban and swing districts, projected to finish with about 248 seats. They cannot override Trump's vetoes, but committee control grants subpoena power to compel documents and testimony from the administration and private entities. The Trump family's crypto company, World Liberty Financial, is likely first in line for scrutiny, along with corporate donors and companies tied to family members. The White House dismissed the plans as a "witch hunt" against the president.


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