Trump Blames Democrats for Stock Market Crash Following Blue Tsunami Election Sweep

POLICY WIRE — Washington, D.C. — As the Democratic party continues its significant electoral gains, President Donald Trump has held the opposition responsible for a sharp decline in the stock market.

In a post on Truth Social, Trump remarked that the market experienced one of its worst historical days specifically due to the election results, describing the situation as a tragic sight to witness.

Current projections show several Democratic candidates securing victories in key House races, including Luz Rivas in California, Sam Forstag in Montana, and Shannon Taylor in Virginia.

With these gains, the projected Democratic total for House seats stands at 247, while Republicans hold 147 seats.

In the Senate, the Democrats hold a 54-44 lead over the Republicans, ensuring they will maintain control of both chambers of Congress when the new term begins in January.

This political shift occurs amidst internal friction within the Trump administration, where officials are reportedly seeking to identify the source of current instability.

Reports indicate the President has consulted with advisors regarding the potential removal of Defense Secretary Pete Hegseth, while Vice President JD Vance and White House Chief of Staff Susie Wiles also navigate the unfolding crisis.

Sources have told The Independent that Secretary of State Marco Rubio is facing potential resignation following the GOP’s performance in the midterm elections, though the White House has denied these claims.

Conversely, Senator-elect Abdul El-Sayed has expressed a willingness to collaborate with President Trump on the reduction of military aid to Israel.

The Michigan Democrat, who has been a vocal critic of Israeli policy during the conflict in Gaza, supported Trump’s proposal to cut $4 billion in aid by the year’s end, stating he would like to assist in that effort.

Speaking on MS NOW’s Morning Joe, El-Sayed argued that the US should not fund a foreign military that has used American money for regrettable actions, and questioned the ethics of selling weapons to a nation using them in that manner.

Speculation continues regarding Defense Secretary Pete Hegseth’s future after the negative impact of the Iran war on the Republican standing in the midterms.

A senior administration official told NewsNation that those looking for blame should find a different scapegoat, asserting that the Pentagon and White House are firmly supporting Hegseth’s leadership.

The official dismissed claims that Hegseth is preparing to leave as delusional, maintaining that he remains focused on his mission and will not be swayed by political pressure.

On the legislative front, Senate Minority Leader Chuck Schumer consulted with Senate Majority Leader John Thune once the Democratic takeover of Congress was certain.

Schumer informed Punchbowl News that he and Thune intend to meet shortly, noting that he has not yet received communication from President Trump.

The White House addressed a post by Kaitlan Collins by providing a link to their official livestream of the proceedings.

Meanwhile, federal authorities continue their search for the individual who leaked the 2022 Supreme Court draft that overturned Roe v. Wade.

The U.S. Attorney’s Office for the District of Columbia, led by appointee Jeanine Pirro, is overseeing the probe alongside career prosecutors like Carlton Davis.

Davis has a history of prosecuting fraud and violence cases, as well as a previous attempt to indict Democratic lawmakers who advised military personnel to disobey illegal orders.

The Justice Department has reportedly increased the pace of its investigation, using grand jury subpoenas to gather information from Supreme Court employees at the time of the leak.

President Trump has sought to distance himself from the heavy electoral losses, claiming on Truth Social that if he had actually been on the ballot, the party would have achieved a landslide victory.

This statement mirrors his comments from election night, despite his earlier campaign urging supporters to vote for him as if he were present.

In media news, Brian Stelter reported that CBS News saw the lowest ratings of its election coverage, drawing only 2.76 million viewers.

Defense Secretary Pete Hegseth has vowed to remain steadfast in his pursuit of the President’s agenda despite the increased political pressure following the midterm defeats.

Hegseth stated at the Pentagon that he, like the President, will not back down, emphasizing that the coming months are vital for the department and the nation.

em>Reporting by Policy-Wire (PW)em>