Republican Blame Game Starts; S&P 500 Tumbles Most Since April 2025 on AI Fears

Insight & analysis on the White House and Capitol Hill.

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The Republican Party’s generational collapse in this week’s midterm elections ushered in a wave of finger-pointing largely aimed at the Oval Office, exposing deep fissures within the party and opening the door for 2028 hopefuls to hone their message.

Vice President JD Vance, the GOP’s presumed frontrunner, on Wednesday distanced himself from both President Donald Trump and the war against Iran. He blamed the party’s defeat on the war, the cost of living and US-Israel ties, saying the conflict cost his party the Senate for at least six years.

To those who are angry and “want to say, ‘I told you so,’” Vance wrote in a lengthy social media post, “you’re right, you did tell us so.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

• Bloomberg TV Markets Correspondent Norah Mulinda.
• Bloomberg Senior White House Reporter and Washington Correspondent Josh Wingrove.
• Rep. Debbie Wasserman Schultz (D-FL).
• Bloomberg TV Anchor Romaine Bostick.
• Stonecourt Capital Partner Rick Davis and Bully Pulpit International Managing Director Adam Hodge.
• Bloomberg News Senior Editor Michael Shepard.
• Former Republican Congressman and former Acting White House Chief of Staff Mick Mulvaney.

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