Biden’s Presidential Election Victory Validated by Congress

January 7, 2021
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In an extended session on Thursday morning, the United States Congress validated Joe Biden’s victory in last year’s election. Winning by a significant margin, this procedural step ends weeks of legal challenges and heated rhetoric. The validation process came just hours after the U.S. Capitol was attacked by protestors in support of Donald Trump, making it one of the most unusual and most tragic on the record books.

Mob Storms U.S. Capitol Building

Earlier on Wednesday while Congress was in session, a mob of angry Trump supporters breached the U.S. Capitol, causing lawmakers to flee or shelter within the complex. Police attempted and failed to barricade the building, with protestors breaking through doors and windows. One woman was shot inside the Capitol and later died while receiving medical care. Washington’s Mayor announced a 6 PM curfew in an attempt to curb the violence.

Protestors breached the Capitol rotunda, the House floor, and various offices of lawmakers and staff. Many lawmakers believe that President Trump had incited the group by continuing to claim that the election was rigged and stolen from him. Trump told protestors shortly before the Capitol breach that he would march with them to Congress, although he ultimately remained at the White House.

Validation Brings End to Heated Confirmation Process

The Congressional validation of Joe Biden’s win ends the procedural steps ahead of his inauguration. But, it isn’t likely to end President Trump’s claims that he won the election by a landslide. Trump has pledged to never concede.

According to the counting of state electoral college certifications, Joe Biden and Kamala Harris won the election with a clear majority of 306 votes to the 232 votes that President Trump and Vice President Mike Pence won.

Some members of the House and Senate objected to some of the vote certifications presented in Congress, but the objections were ultimately quashed by votes on the House and Senate floors.

Joe Biden and Kamala Harris will be inaugurated as President and Vice President of the United States on Wednesday, January 20.

Markets Were Up at Closing on Wednesday

Despite the turmoil in Washington D.C., stocks were up on Wednesday. Investors appear keen to see a transition of power and an end to the uncertainty that has hung over the nation for weeks. Futures were positive early Thursday morning, hinting that the Dow Jones Industrial Average, S&P 500, and NASDAQ Composite indexes will maintain their momentum.

Investors will now look ahead to a new Presidency with the hope that the gains of the previous four years will continue. With Democrats taking control of the House, Senate, and the White House, it’s impossible to say how much the investment landscape could change in the coming months and years.

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