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All over the country, once-solid Republican seats in the Senate and Congress are shifting toward the Democrats. We look at the prospects for one-party rule if Barack Obama wins the White House. Is America in for a shift to the Left? What are the forces that moderate potential excesses on Capitol Hill? Also, former Fed Chairman Alan Greenspan admits being "partially" wrong on deregulation, and Governor Palin's wardrobe creates an image problem for the candidate as Hockey Mom.

Banner image: Republicans in danger of losing their seats include (L to R) Sen. Saxby Chambliss of Georgia, Rep. Michele Bachmann (MN) and Sen. Christopher Shays (CT)

Making News Greenspan 'Partially' Wrong about Deregulation 6 MIN, 9 SEC

During 18 years as head of the Federal Reserve, Alan Greenspan opposed regulation of the packaging of mortgages into complex securities. Today he told the House Oversight Committee he made a mistake. Neil Irwin is a financial reporter for the Washington Post.

Neil Irwin, New York Times (@Neil_Irwin)

Main Topic Could the Democrats Win a Supermajority? 33 MIN, 33 SEC

Whatever the outcome of the presidential campaign, Republicans may be in for a long night on November 4. The Democrats are poised to win so many seats in Congress that Republicans are warning about one-party rule if Barack Obama takes over the White House. The Wall Street Journal has editorialized about a "profound political and ideological shift" to "unchecked left-wing ascendancy." We look at the prospects for Democratic dominance. Can they win enough seats to overcome Republican filibusters in the Senate? What kind of majority can they get in the House? What about business as usual on Capitol Hill? Do special interests and public opinion moderate the potential excesses of either political party? 

Matthew Continetti, Washington Free Beacon
Jennifer Duffy, Cook Political Report (@jennifereduffy)
Sarah Binder, Brookings Institution (@bindersab)
David Hawkings, CQ Roll Call (@davidhawkings)

Reporter's Notebook Sarah Palin's Wardrobe: Fashion Do or Don't? 9 MIN, 17 SEC

"Nothing says Main Street like Sacks Fifth Avenue" is just one of the cracks made by political pundits after news that the Republican National Committee spent $150,000 on clothes for Sarah Palin. An advocate for Joe Sixpack, Palin only makes $125,000 a year as Governor of Alaska. Campaign operatives explained the purchases as allowing the vice presidential candidate to have the wardrobe she needed to campaign in different climates. But listing those expenses on campaign finance reports, where they were picked up by Politico, has created an image problem.

Jeanne Cummings, Chief Money and Political Reporter, Politico
Booth Moore, Fashion Critic, Los Angeles Times

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