Despite Debt Ceiling Standoff, 2012 Election Intrade Odds For Republicans To Control Congress Are High And Rising

The Intrade odds for Republicans to control the US Senate after the 2012 elections are 84.9 percent. The Democrat party odds are 16.1 percent.

The Intrade odds for the Republicans to control the US House of Representatives after the 2012 elections are 71.0 percent. The Democrat party odds are 33.5 percent.

Despite many in the media and in the Democratic party portraying the Republicans in a negative light for the debt ceiling stalemate and for increasing the probability of a US default and downgrade, the Republican party's odds for control of Congress after the 2012 elections have risen during the current debate over the debt limit and budget cuts.