Takeaways and observations from the 2022 midterms
CBSN
As the final votes are still being tallied in several battleground states, Democrats appeared to have fended off the predicted Republican "red wave."
As of Wednesday evening, CBS News characterized Senate control as a toss-up with four seats left to be decided. CBS News estimated the House, meanwhile, leaned Republican, although Republicans are estimated to have 210 seats to 200 for Democrats, falling far short of a landslide victory.
Here are some takeaways from the consequential midterm election:
President Biden on Monday signed into law a defense bill that authorizes significant pay raises for junior enlisted service members, aims to counter China's growing power and boosts overall military spending to $895 billion despite his objections to language stripping coverage of transgender medical treatments for children in military families.
It's Christmas Eve, and Santa Claus is suiting up for his annual voyage from the North Pole to households around the world. In keeping with decades of tradition, the North American Aerospace Command, or NORAD, will once again track Santa's journey to deliver gifts to children before Christmas 2024, using an official map that's updated consistently to show where he is right now.
An anti-money laundering law called the Corporate Transparency Act, or CTA, appears to have been given new life after an appeals court on Monday determined its rules can be enforced as the case proceeds. The law requires small business owners to register with the Financial Crimes Enforcement Network, or FinCEN, by Jan. 1, or potentially pay fines of up to $10,000.