No matter who’s elected president in November, Democrats are poised to expand their congressional majority. And that means they will have a leading role next year in pushing through tough new regulation of U.S. financial markets.
Presidential candidate John McCain’s post-convention bounce in the polls and the enthusiasm generated by the choice of Sarah Palin as his running mate haven’t trickled down to congressional contests so far. Experts, Democrats and even some Republicans say they expect the party to lose about six seats in the Senate and as many as two dozen in the House of Representatives.
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