US Senate GOP majority reduced to 51 after Graham's death, McConnell's fall

https://www.newsweek.com/topic/mitch-mcconnell

The U.S. Senate reconvened with a diminished Republican majority following the death of Senator Lindsey Graham and the hospitalization of Senator Mitch McConnell. Graham, a key figure in spending negotiations, passed away on July 11, while McConnell remains hospitalized after a fall. This change reduces the Republican majority from 53 to 51, the minimum needed for a simple majority, complicating the party’s legislative plans. The absence of these senior figures may affect the GOP’s ability to advance significant legislation, including defense and national security bills, amid an aging Senate.

Key Takeaways

The Senate returns with a reduced Republican majority, suggesting potential difficulties in passing legislation.

Markets appear to interpret the current Republican majority as consistent with increased challenges to maintaining Senate seats after the 2026 midterms.