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  • FEDERAL RAG
    U.S. POLITICAL AND BUSINESS NEWS — MONDAY, NOVEMBER 2, 2026
    MARKETS — FRI, OCT 30: SPY 755.72 ▼ 1.77% · DOWN DAY  |  QQQ 690.49 ▼ 3.47% · DOWN DAY
    Election Eve: Control of Congress on the Line Tuesday

    On the eve of Election Day, Trump skipped the campaign trail to promote his Reflecting Pool makeover at the Lincoln Memorial — his closing argument as voters decide Tuesday who controls Congress for his final two years.

    NewsCubby election-eve guide  |  The Source: seven battlegrounds that decide Congress

    ELECTIONS & CONGRESS

    THE KEY RACES THAT COULD TIP CONTROL OF CONGRESS — Democrats need three House seats and four Senate seats; North Carolina and Maine are central in the Senate, and three Pennsylvania House districts could flip that chamber by themselves.

    THE MAP, RACE BY RACE: 435 HOUSE SEATS, 35 SENATE SEATS, 36 GOVERNORSHIPS — Early voting has topped 50 million, a midterm record, with Texas turnout running especially high.

    FORECAST MODELS: HOUSE LEANS DEMOCRATIC, SENATE A NARROW EDGE — One simulation run puts the House at 233 Democrats and the Senate at 52 Democrats, with wide ranges.

    TRUMP WARNS HE MAY HAVE TO BECOME “MR. VETO” — The president concedes Democrats may win a chamber, and says vetoes would force a deal.

    VOTERS IN A SOUR MOOD ON THE ECONOMY HEADING INTO TUESDAY — High and rising prices top the list, with many voters blaming tariffs and the Iran war.

    BUSINESS & YOUR MONEY

    FUTURES HIGHER AFTER FRIDAY’S TECH SELLOFF — S&P futures +0.5%, Nasdaq futures +0.9% in early trade, after the Nasdaq lost almost 7% in October.

    OIL BELOW $100 AS IRAN DIPLOMACY HOPES RISE — WTI fell more than 4% to about $99.31; Brent fell 4.4% to about $108.37.

    APPLE AND PALANTIR REPORT AFTER THE CLOSE — Apple is the penultimate Magnificent Seven report; AMD, Pfizer, Qualcomm, McDonald’s and Uber follow this week.

    FEDERAL GOVERNMENT

    JUSTICE DEPT. BREAKS WITH TRADITION TO INTERVENE IN THE MIDTERMS — Courts have now rejected its suits in California and Alaska; the department says it will appeal the Alaska ruling.

    JUDGE THROWS OUT BID TO DELAY ALASKA SENATE CERTIFICATION — The court found no workable way to segregate ballots for the “Decoy Dan” Sullivan dispute without breaking ballot secrecy.

    SWEEPING ORDER HALTS DOJ PRESSURE CAMPAIGN ON ELECTION OFFICIALS — A federal judge barred demands to segregate ballots, purge rolls or halt processing, and barred threats of prosecution, through November 16.

    WHITE HOUSE: NO U.S. ATTACK ON IRAN BEFORE THE MIDTERMS — The statement, issued after Netanyahu’s election-eve claim, says the blockade stays in full force.

    $15 BILLION FARM RELIEF ROLLED OUT AHEAD OF THE VOTE — $8 billion in diesel relief plus $5 billion in guaranteed loans, with payment rates still to come in November.

    NTSB ‘GO-TEAM’ AT FLORIDA LEARJET CRASH SITE — Nine aboard died Sunday in Greenacres; investigators brief in West Palm Beach today, with no ground deaths reported.

    BUSINESS & YOUR MONEY

    AI STOCKS CATCH THEIR BREATH; $2.5 TRILLION SHED IN OCTOBER — The Nasdaq-100’s October slide neared correction territory as investors questioned AI spending returns.

    MORNING BRIEF: ISM MANUFACTURING AT 10 AM, 464 EARNINGS TODAY — The day’s data point to watch, plus a heavy earnings slate headlined by Apple.

    MORTGAGE RATES EASE TO A ONE-MONTH LOW — BUT PAYMENTS STILL NEAR RECORDS — 30-year fixed at 7.24% (Freddie Mac); median monthly payment $2,786, up 10.7% year over year.

    GEOPOLITICS

    IRAN NEGOTIATORS LEAVE DOHA; DRAFT DEAL CIRCULATING — Three days of Qatari-mediated talks end with a draft proposal and a possible follow-up meeting; the Strait of Hormuz plan is now floated on a 2-day timeline, not 7.

    TEHRAN SIGNALS HOPE FOR TALKS, WITH CONDITIONS ATTACHED — Lifting the naval blockade and sanctions relief remain Iran’s stated price for any final deal.

    TRUMP FAVORS DIPLOMACY AS NETANYAHU PRESSES FOR STRIKES AFTER TUESDAY — Reports say Netanyahu pushed for action on November 4; Trump is said to want the Doha track to run longer.

    ARAB PARTIES EXPECTED TO BACK EISENKOT AS COALITION TALKS OPEN — Final count: Netanyahu’s bloc 53, opposition 48, Arab parties a record 19 — Herzog receives the official results Wednesday and opens consultations.

    WHO WILL BE ISRAEL’S NEXT PRIME MINISTER AFTER THE DEADLOCK? — Prediction markets lean to Eisenkot over Netanyahu, but neither bloc has the 61 seats — weeks of coalition talks, or a fresh vote, ahead.

    LIBERMAN BACKS EISENKOT FOR PM, RULES OUT ANY NETANYAHU ALLIANCE — Yisrael Beytenu will recommend Eisenkot to Herzog and back Lapid for Knesset speaker — and says a unity government under Netanyahu is off the table.

    BUSINESS & YOUR MONEY

    HOUSING MARKET PARALYZED AHEAD OF THE MIDTERMS — Pending sales at a record low, new construction at a four-month low, and $115,600 income now needed for the typical home.

    LINKS: OFFICE HOLDERS — EVERY SENATOR, REPRESENTATIVE & GOVERNOR, BY STATE
    ARCHIVE — PAST EDITIONS  |  FEDERAL RAG — Updated daily at 5:30 AM ET
    November 2, 2026

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