CRE After the Election: Getting Beyond Uncertainty

WASHINGTON, DC-Tuesday night President Barack Obama was declared the victor in his quest for a second term—a quest that cost both parties $6 billion and led to the placement of some $1.2 billion in ads. Still, though, the bottom line is that Washington will remain largely the same with the White House and the Senate in the hands of the Democrats and the House of Representatives in the hands of Republicans.

Some of the faces are different, of course, and from Wall Street’s perspective not in a good way. Elizabeth Warren, for example, won the Senate seat in Massachusetts, and it is believed she will use her high-profile seat to continue to push for financial reform. On the other hand, many of the top tax writers in both parties that held seats in the House and Senate were re-elected, Congressional paper The Hill pointed out.