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Free AccessMcConnell Re-Elected As Top Senate Republican
Senate Minority Leader Mitch McConnell (R-KY) has been re-elected as top Republican in the upper chamber following a vote from Senate Republicans.
- McConnell faced the first significant challenge to his 16 year tenure as leader of GOP in the Senate, with conservatives led by Senator Rick Scott (R-FL) blaming McConnell for an underwhelming midterm performance which failed to win control of the upper chamber, despite a favourable political environment for Republicans.
- Scott said in a Tweet: "The status quo is broken and big change is needed. It’s time for new leadership in the Senate that unites Republicans to advance a bold conservative agenda. That’s why I’m running to be the Senate Republican Leader."
- Scott's policy document the "12 Point Plan to Rescue America" was seized upon by Democrats as evidence an extreme faction of the GOP was planning to scrap social security and Medicare, should Republicans flip the chamber, in what turned out to be an effective strategy.
- McConnell now faces an uphill challenge to restore unity to a fractious Republican caucus ahead of a busy lame-Duck session of Congress.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.