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Congress Certifies Election: Where Wall Street Futures Stand

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Congress certified President-elect Biden secured the 306 electoral votes that secured his victory over incumbent President Trump after reconvening after Pro-Trump rioters interrupted what is normally a procedural function of U.S. Democracy. 

Here’s what we know as Washington D.C. continues to react to yesterday’s insurrection:

Former chief of staff and special envoy to Northern Ireland Mick Mulvaney, told CNBC that he resigned from the Trump administration. His resignation comes after a slew of resignations including deputy national security adviser Matt Pottinger, White House deputy press secretary Sarah Matthews among others.

All of this comes after rioters stormed the Capitol building on Wednesday, forcing the Capitol to go into lockdown as lawmakers were holding a vote--thought to be mostly ceremonial--to certify the election results in favor of President-elect Joe Biden.

A woman was shot and killed during the takeover in addition to 3 other deaths during the day’s events according to DC police chief Robert Contee.

Following the breach, lawmakers insisted on holding the vote late Wednesday, and--despite multiple objectors from the GOP--certified the election for Biden.

President Donald Trump, who had been temporarily suspended from social media platforms Twitter, Facebook and Instagram, released a statement overnight saying, “Even though I totally disagree with the outcome of the election, and the facts bear me out, nevertheless there will be an orderly transition on January 20th.”

And all of this comes as the United States reported its deadliest day for COVID-19 deaths, with officials reporting over 3,900 deaths. The U.S. has 21.3 million cases of the virus, with over 361,297 deaths.

Markets were largely unaffected by the Capitol riot and futures are pointing to an open in the green. 

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