GOP Takes Hit On IEM

The odds of Republicans controlling the next Congress have dropped sharply since news of the Congressional-page scandal broke, according to a "futures" market operated by the UNIVERSITY OF IOWA. The Iowa Electronic Market, which offers contracts on the outcomes of political and economic events, says the percentage of investors in the 2006 Congressional Control market believing Republicans will hold full control of Congress has dropped to 39 percent from 58.5 percent on Sept. 28, when news was revealed about Rep. Mark Foley's correspondence with pages.

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