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Projected: Democrats successfully seize control of US House

House Minority Leader Nancy Pelosi (D-Calif.) hopes.to become Speaker of the House once more, but faces opposition from within her party. (MANDEL NGAN/AFP/Getty Images)

The Democratic Party has successfully won control of the U.S. House of Representatives, according to multiple projections.

What happened?

Fox News, CNN, and several other outlets have projected that the Democrats have officially secured majority control of the House for the first time since 2010.

Going into the 2018 midterms, the GOP held 236 of 435 House seats; Democrats held 193 seats. A party needs 218 seats to have a majority.

The Democrats' successful takeover of the House was fueled by flipping seats nationwide, including in Virginia and Texas. And several GOP-controlled districts where Democrats were making inroads have yet to post results.

On Monday, RealClearPolitics� �Battle for the House 2018� page gave Democrats a slight lead over the GOP, 202 to 194, with 39 toss-up races. Also, the RCP polling average of the generic congressional ballot showed the Democrats with a 7.3-point lead, 49.7 percent to 42.4 percent.

The Center for Responsive Politics projected that the 2018 election was, by far, the most expensive midterm election in U.S. history. According to FEC data and CRP estimates, $5.2 billion was spent for the 2018 midterms. Before 2018, no midterm cycle had cost more than $4.2 billion in inflation-adjusted dollars, the organization reported.

Of the $5.2 billion, CRP projects more than $2.5 billion will be spent by and for Democrats, and nearly $2.2 billion will be spent by and for Republicans.

What should we expect from a Democratic House?

Democratic leadership has vowed to take on President Donald Trump's agenda on a host of issues, including taxes, immigration, and climate change.

Some Democrats have also indicated that should their party take the reins of Congress, they would begin impeachment proceedings against the president and attempt force him to reveal his tax returns.

With control of the House, the Democrats will also control the federal purse springs (spending bills originate in the lower chamber). Should the GOP retain control of the Senate, they could arguably put a check on House Democrats' spending priorities.

However, considering that federal spending over the last two years has been through the roof, resulting in massive deficits, despite the fact that Republicans have controlled the House, Senate, and Oval Office, many conservatives feel they have little to be optimistic about.

This is a developing story and will be updated as events warrant.

One last thing…
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