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Free AccessNovember Sees Record Number Of House Representatives Retire From Congress
November has seen the most retirements of House Representatives in a single month since political encyclopaedia Ballotopedia began collecting data in 2011, with more likely to come during the Thanksgiving break.
- The spate of retirements may be driven by uncertainty in the political environment and increased polarisation of the two political parties squeezing lawmakers in the traditional centre ground.
- Rep. Garrett Graves (R-LA), an ally Kevin McCarthy (R-CA) the former Speaker who was ousted by hardline Republicans in October, said: “This place, right now, I think it’s childish. I mean, this isn’t a place where you attract the cream of the crop.”
- Looking ahead to the 2024 general election, retirements are likely to increase the prospect of seats changing hands. The Brookings Institution notes that, between 2014-2020, 34% of races which saw a party flip were in seats without an incumbent.
- There is a prevailing view that House Reps are more likely to retire when they believe the political environment is working against their re-election. However, there is little in the historical data to suggest retirements can accurately predict future electoral outcomes.
- Ahead of last year’s midterm elections, 31 Democrats did not seek re-election versus 18 Republicans. This was widely assumed to reflect a highly negative political environment. However, at the ballot box, Democrats dramatically overperformed expectations and restricted the GOP to a thin four-seat majority.
- Punchbowl News has published a list of retirements: Here
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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.