| | | | | |  | | By Theodoric Meyer | With Daniel Lippman WHAT THE ELECTION RESULTS MEAN FOR K STREET: While it's not clear who the presidential race or which party will control the Senate, much of the discussion on K Street this morning centered around a scenario in which Joe Biden ends up defeating President Donald Trump and Republicans maintain control of the Senate — or at the very least control of the Senate isn't determined until January when runoffs will be held in one or both Senate races in Georgia. Trump could still win and Democrats could reclaim the Senate if everything breaks their way, but it's not necessarily the way to bet. — What will Washington look like next year if Biden prevails and Republicans maintain control of the Senate? "On the major issues — tax packages, energy, climate change — we will see more modest attempts in my judgment at negotiated compromises," Scott Segal, the co-chairman of Bracewell's policy resolution group, said during a webinar this morning. Divided government "may sound like a recipe for a gridlock, but I'm actually optimistic," Loren Monroe, a top Republican lobbyist at BGR Group, wrote in an email to PI. "If, and it's a big if, the current election trends hold, I believe there can be productive months ahead based on the demonstrated track record" of Biden and Senate Majority Leader Mitch McConnell during the Obama administration, when the pair cut several bipartisan deals. — The law and lobbying firm Brownstein Hyatt Farber Schreck echoed the same point in a memo to clients shared with PI. But "sharp ideological differences will continue to persist and only an exceedingly narrow sliver of common ground will be found beyond a few issues," the firm warned. "In a divided government scenario, we can expect some Trump-era priorities, such as an aggressive posture toward China and efforts to in-source manufacturing jobs and to re-orient certain industrial and pharmaceutical supply chains to continue for Republicans, and past concern about debt and deficits to resurface." — A closely divided Senate would focus even more attention on moderates such as Sens. Joe Manchin (D-W.Va.) and Lisa Murkowski (R-Alaska), among others. "We're advising clients that moderates are going to be really important both in the House and the Senate," said Chris McCannell, a former Democratic congressional aide who's now a lobbyist at GrayRobinson. — The outlook might be darker for trade groups pushing for Congress and the Trump administration to hash out another coronavirus relief package before the end of the year regardless which candidate wins the election. "I'll be surprised if we're able to get a whole lot done in a lame duck session," Sen. Roy Blunt (R-Mo.) said on a Zoom call this afternoon hosted by BakerHostetler . But McConnell struck an optimistic note this morning that such a bill could pass. "Hopefully the partisan passions that prevented us from doing another rescue package will subside with the election and I think we need to do it and I think we need to do it before the end of the year," he told reporters. Good afternoon, and welcome to PI. What a time to be alive. Are you sending your clients memos on what to expect in the coming days and weeks? Lists of Joe Biden's potential cabinet picks if he wins? Analyses of what President Donald Trump might do in a second term? Exegeses on the Georgia runoff (or runoffs)? Send them my way: tmeyer@politico.com. And follow me on Twitter: @theodoricmeyer. | | | | EXCLUSIVE: "THE CIRCUS" & POLITICO TEAM UP TO PULL BACK THE CURTAIN ON THE MOST UNPRECEDENTED PRESIDENTIAL ELECTION IN HISTORY: It's been the most unconventional and contentious election season of our lifetime. The approach taken by each candidate couldn't be more different, yet the stakes couldn't be higher as we cross the finish line. Join POLITICO's John Harris, Laura Barrón-López, Gabby Orr and Eugene Daniels in a conversation with John Heilemann, Alex Wagner, Mark McKinnon and Jennifer Palmieri of Showtime's "The Circus" on Thursday, Nov. 5 at 8 p.m. EST for an insiders' look at the Trump and Biden campaigns, behind-the-scenes details and nuggets from the trail, and the latest on where things stand and where they are heading. DON'T MISS THIS! REGISTER HERE. | | | | | PETERSON'S LOSS IS A BLOW TO AGRICULTURE LOBBY: Rep. Collin Peterson (D-Minn.), the chairman of the House Agriculture Committee, lost his rural seat to his Republican challenger, former Lt. Gov. Michelle Fischbach, in "a major setback for the traditional agriculture lobby, which considered the Minnesota Democrat a top ally who worked to secure funding for farmers and boost agricultural interests within his district," POLITICO's Liz Crampton reports. "The agriculture industry invested heavily in Peterson's race. A super PAC started by the sugar industry, Committee for Stronger Rural Communities , spent more than $1 million during the election cycle." — As Akin Gump Strauss Hauer & Feld wrote in a memo to clients last month, Reps. David Scott (D-Ga.), Jim Costa (D-Calif.) or Marcia Fudge (D-Ohio) could replace Peterson as chairman. Fudge is also considered a potential Agriculture secretary if Joe Biden defeats President Donald Trump. CALIFORNIA BALLOT MEASURE BACKED BY UBER, LYFT, DOORDASH WINS: "Uber Technologies Inc., Lyft Inc. and DoorDash Inc. won a pivotal vote in California that exempts them from reclassifying their drivers as employees, according to the Associated Press," The Wall Street Journal's Preetika Rana reports. "The companies, along with Postmates Inc. and Instacart Inc. , collectively contributed around $200 million to support Proposition 22, a measure that allows them to bypass a state law intended to provide employee-like protections for their drivers. The campaign was the most expensive for any ballot measure in state history. With more than 60% of ballots counted, the vote was running 58% in favor of the measure and 42% against, prompting the Associated Press to project it would pass." CANNABIS INDUSTRY NOTCHES WINS: Voters in four states without too much in common — Arizona, Montana, New Jersey and South Dakota — approved ballot measures legalizing recreational marijuana on Tuesday. Mississippi and South Dakota also legalized medical marijuana. But the cannabis lobby also lost one of its champions in Washington, Sen. Cory Gardner (R-Colo.), who was defeated by former Democratic Gov. John Hickenlooper . Gardner supported the industry but couldn't get "either the SAFE Banking Act or the STATES Act — his hallmark pieces of cannabis legislation — over the finish line," POLITICO's Natalie Fertig reports. "Hickenlooper says he supports the marijuana industry, but his record is viewed with skepticism by the" cannabis lobby because he vetoed three cannabis bills as governor. TRANSITION NOTEBOOK: "With President Donald Trump's coronavirus task force sidelined, Joe Biden is planning to create his own task force to help grapple with the country's surge in cases" if he wins, POLITICO's Alice Miranda Ollstein, Alex Thompson and I report. "The task force would include former Surgeon General Vivek Murthy, former Food and Drug Administration Commissioner David Kessler, New York University's Dr. Celine Gounder, Yale's Dr. Marcella Nunez-Smith, former Obama White House aide Dr. Zeke Emanuel and former Chicago Health Commissioner Dr. Julie Morita, who is now an executive vice president at the Robert Wood Johnson Foundation . In line with Biden's repeated campaign pledges to 'listen to the scientists' if elected, the team features well-respected, veteran public health experts," including veterans of previous Democratic administrations. TWITTER'S POST-ELECTION WARNING LABELS AREN'T JUST FOR TRUMP: "Twitter slapped a warning label Wednesday on a Democratic Party leader's tweet for prematurely claiming that Joe Biden had won Wisconsin as votes were still being counted in the state, the first enforcement of its policy against such declarations leveled against a prominent liberal official," POLITICO's Cristiano Lima reports. — "Ben Wikler, chair of the Democratic Party of Wisconsin, claimed in a tweet Wednesday morning that 'there's no realistic path for Trump to pull ahead' in the state, citing freshly reported absentee ballots. 'Folks: Joe Biden just won Wisconsin,' he added. … Twitter pinned a similar label Tuesday on a Trump campaign tweet that declared victory in South Carolina. 'Official sources may not have called the race when this was Tweeted,' read the label on the post." Twitter placed a different label on four of President Donald Trump 's tweets today, warning the content was "disputed and might be misleading." | | | | SUBSCRIBE TO TRANSITION PLAYBOOK: No matter who wins this week, a lot will change in the coming months. Advisers to both candidates have been working behind the scenes for months, vetting potential nominees, political appointments, and drafting policy proposals for the first 100 days. Our Transition Playbook newsletter, written for political insiders, tracks the appointments, the people, and the next administration's power centers. Don't miss out. Subscribe today. | | | | | | | | None | | | Cuyahoga County Future PAC (PAC)
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