Jon Lieber, head of Eurasia Group's coverage of political and policy developments in Washington, DC shares his perspective on US politics.

What does the Democratic win in the Georgia Senate race mean?

There are two major implications from Senator Raphael Warnock's victory last night in the Georgia Senate runoff. The first is that it ends the longest running tied Senate in American history and gives Democrats 51 seats and outright control of Senate committees that can be used to conduct oversight. This probably means more uncomfortable hearings for titans of industry next year and while the House will focus their oversight activities on the Biden administration, the Senate is going to be calling in bank CEOs and representatives of concentrated industries to talk about corporate profits and inflation.