The results are in: In a US midterm election seen as a referendum on President Donald Trump, a blue wave swept Congress. Democrats will control both the House and Senate for the last two years of Trump’s term.

On today’s Big Take podcast, host Sarah Holder, Bloomberg White House reporter Josh Wingrove and Congress editor Megan Scully dig into how election night played out in the US, how markets are reacting and what clashes to expect between President Trump and Democrats in Congress. 

Find our special series of timely and urgent conversations on the US midterm elections wherever you listen to podcasts. We arealso live blogging at Bloomberg.com with the latest from across the globe. 

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Host: Sarah Holder; Guests: Josh Wingrove and Megan Scully; Produced by Naomi Shavin and David Fox; Edited by Nicole Beemsterboer and Tracey Samuelson; Engineering by Sean Carter.

The results are in: In a US midterm election seen as a referendum on President Donald Trump, a blue wave swept Congress. Democrats will control both the House and Senate for the last two years of Trump&rsquo;s term.
On today&rsquo;s Big Take podcast, host Sarah Holder, Bloomberg White House reporter Josh Wingrove and Congress editor Megan Scully dig into how election night played out in the US, how markets are reacting and what clashes to expect between President Trump and Democrats in Congress.&nbsp;
Find our&nbsp;<a href="https://link.podtrac.com/o0wj3pig">special series of timely and urgent conversations on the US midterm elections</a> wherever you listen to podcasts. We are<a href="https://www.bloomberg.com/news/live-blog/2026-04-07/iran-latest-trump-hormuz-threats-deadline-middle-east-conflict-oil-markets?srnd=homepage-americas"> </a>also <a href="https://www.bloomberg.com/news/live-blog/2026-11-03/us-midterm-elections-live-updates?srnd=homepage-americas">live blogging</a> at Bloomberg.com with the latest from across the globe.&nbsp;
We have a special Bloomberg subscription offer for podcast listeners at&nbsp;<a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>
Host: Sarah Holder; Guests: Josh Wingrove and Megan Scully; Produced by Naomi Shavin and David Fox; Edited by Nicole Beemsterboer and Tracey Samuelson; Engineering by Sean Carter.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Democrats Swept Congress. What Will It Mean for Trump?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c9835822-8e90-4439-a73b-b4f80083bd16/transcript