The results from Georgia are going to have enormous implications for the financial markets. If Democrats win both of the seats that are up for grabs, that will give them control of the Senate, the House of Representatives and the White House. For the first time since the first two years of Barack Obama’s presidency, the Democrats would have an opportunity to advance their agenda without compromising with the Republicans, and that is extremely frightening for investors. The Democrats have made it very clear that they intend to raise taxes on big corporations and the ultra-wealthy, and that wouldn’t be good for the stock market bubble at all.
Georgia runoff election updates: Democrat Raphael Warnock projected to win Georgia runoff Nicholas Wu, Bart Jansen and Joey Garrison, USA TODAY
Raphael Warnock makes history as projected winner in Georgia Senate runoff
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Republican David Perdue takes on Democratic challenger Jon Ossoff, while Republican Kelly Loeffler faces Raphael Warnock. Democrats need Ossoff and Warnock to win to give the Senate a 50-50 split, which would mean Vice President-elect Kamala Harris would have the crucial tie-breaking vote to push through Joe Biden s priorities once he takes office. If just one of the Republican incumbents holds on to their seat, the Senate would remain in GOP control.
Georgia runoff election updates: Democrat Raphael Warnock projected to win Georgia runoff Nicholas Wu, Bart Jansen and Joey Garrison, USA TODAY
Raphael Warnock makes history as projected winner in Georgia Senate runoff
Replay Video UP NEXT
Republican David Perdue takes on Democratic challenger Jon Ossoff, while Republican Kelly Loeffler faces Raphael Warnock. Democrats need Ossoff and Warnock to win to give the Senate a 50-50 split, which would mean Vice President-elect Kamala Harris would have the crucial tie-breaking vote to push through Joe Biden s priorities once he takes office. If just one of the Republican incumbents holds on to their seat, the Senate would remain in GOP control.
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