A ‘political earthquake’ revives the Tea Party

Last week’s defeat of Eric Cantor, the Majority Leader of the US House of Representatives, by an unknown economics professor called David Brat, has caused a “political earthquake”, says The Times.

Brat’s decisive victory in the Republican Primary in Virginia is the first time since the position was created in 1899 that a sitting Majority Leader has been defeated. The result could have a major impact both on this year’s mid-term elections and on the 2016 presidential elections.

It sent “two clear signals” to the political class: that the Republicans’ radical Tea Party is not dead, and that President Obama’s [...]

MoneyWeek magazine

Latest issue:

Magazine cover
A new lease of life?

The drugs transforming old age

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

More from MoneyWeek

FREE REPORT:
What you should really do with your money (2014 Edition)


How to buy and sell penny shares

A beginner's guide to investing in gold

How to invest in British fracking