Democrats have won control of the US House of Representatives, according to projections by NBC News and MS NOW released late on Tuesday. NBC's Decision Desk estimates the party will finish with about 248 seats, a 61-seat majority, while CNBC's election desk projects at least 235 seats. Democrats needed a net gain of just three seats to take control. Rep. Robert Garcia of California will chair the House Oversight Committee in the new Congress, and his office says he has vowed to pursue several investigations.
Dallas
3 stories since 28 October 2026, newest first
4 November 2026
30 October 2026
The Federal Reserve Board has approved an application by The Bank of Nova Scotia, a Toronto-based lender, to become a bank holding company. The approval relates to an acquisition involving Maple Financial Holdings, Inc., of Dallas, Texas, which would indirectly bring MapleMark Bank of Tulsa, Oklahoma, under the Canadian bank's control. The Federal Reserve Board announced the decision at 4:30 p.m. EDT on 29 Oct.
28 October 2026
The US Federal Reserve kept its benchmark interest rate in a 3.75 to 4.00 per cent range on 28 October 2026, according to the Federal Open Market Committee. The decision was a 10 to 2 vote. Two members, Governor Lisa Cook and Cleveland Fed President Beth Hammack, wanted another quarter-point increase. The Fed had raised rates in September for the first time since 2023. Consumer prices rose 3.7 per cent from a year earlier in September, while core inflation rose 2.6 per cent. The decision came six days before the US midterm elections, where inflation is a key issue.