Virginia governor's race could give 'flashing red warning sign' for Democrats — and shift market sentiment

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Democrat Terry McAuliffe, a former governor of Virginia, had a lead by 1.8 percentage points in polls over Republican Glenn Youngkin, a former Carlyle co-CEO.

That’s an overstatement, but the governor’s race in the Democratic-leaning state is drawing considerable attention this fall, with analysts connecting the contest to President Joe Biden’s spending plans and next year’s U.S. midterm elections.

A McAuliffe loss would boost expectations that Democrats are going to perform poorly in the 2022 midterm elections, Mills told MarketWatch. So top Democratic lawmakers would feel renewed pressure to deliver on some part of Biden’s plans for infrastructure PAVE, -0.42% and social spending “because they have this flashing red warning sign” from the loss in Virginia, he said.

Related: Here are Washington’s new deadlines for infrastructure, a government shutdown, the debt limit and more In the nationwide midterm elections that take place in a year, Republicans are aiming to become the majority again in the U.S. House and Senate. Betting market PredictIt in recent weeks has been giving the edge to the GOP to do exactly that in both chambers of Congress.

A new Texas law banning most abortions in that state also figures into Virginia’s gubernatorial race, according to Sarita McCoy Gregory. She’s a political scientist, author and executive director of the Crispus Attucks Speaker Series who previously chaired the department of political science and history at Hampton University in Hampton, Va.

 

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How come no polls in NJ race?

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