from ZeroHedge:

Nearly an hour after Fox News predicted the Democrats would regain the House, moments ago NBC confirmed as much, and called the House for the Democrats.

As Bloomberg adds, the projections from NBC and Fox reflect good trends for Democrats in the recent calls: namely, that they’re continuing to flip the races where they were favored, and picked off the occasional toss-up. CNN is projecting that Democrats could win up to 35 seats. Republicans have picked up 2 Senate seats, though 11 races remain undecided.

NEW: We’re projecting Democrats have won control of the House at @NBCNews.

— Dave Wasserman (@Redistrict) 7 November 2018

Assuming those trends hold, they should be able to take the Speaker’s gavel. But there’s a lot to be decided about what kind of governing majority Nancy Pelosi will have.

And, as we reported earlier, NBC also called the Senate for the Republicans, which means that after the 2016 fiasco, this time conventional wisdom was correct, and consensus – Dems get House, GOP keeps Senate – was right.

Which means that in addition to Nancy Pelosi, who is set to become the new House Speaker, Adam Schiff taking over the House Intelligence Committee, and Elijah Cummings becoming the news Oversight Committee chair, the new chair of the House Financial Services committee will be none other than Maxine Water. 

Waters has frequently clashed with Trump, calling for his impeachment – and earning a nickname as “low IQ” from the president.

Read More @ ZeroHedge.com