US President Donald Trump on Sunday described the outcome of the recent midterm elections as a "giant step back in History" for America, after Democrats delivered a sweeping electoral defeat to Republicans, wresting control of both chambers of Congress. Vowing that the country would return "bigger and stronger than ever before", Trump also blamed the election results for a staggering USD 3 trillion loss in the stock market.In a post on his social media platform Truth Social, Trump said the election outcome had dealt a major setback to the country, while defending his economic record and expressing confidence in a comeback."America took a giant step back in History with the results of the last Election — Even the Stock Market, which has been a 'ROCKETSHIP' under 'TRUMP,' took a one day, 3 Trillion Dollar loss," he wrote."But have no fear, we will be back, BIGGER AND STRONGER THAN EVER BEFORE!" he added, signing off as "President DONALD J.

TRUMP". The remarks came days after Republicans suffered a major setback in the November 3 midterm elections, with Democrats making significant gains across the country and taking control of both the House of Representatives and the Senate.

The outcome marked a major political blow to Trump, who had actively campaigned for Republican candidates and repeatedly urged voters to treat the election as a verdict on his presidency.Trump's initial reaction to the election results was to distance himself from the Republican defeat, arguing that the outcome would have been different had he personally been on the ballot. As Democratic victories began emerging on election night, Trump posted on Truth Social: "I wasn't on the Ballot and if I was, we would have won IN A LANDSLIDE!"The remark came despite his repeated appeals during the campaign for Republican supporters to vote as though he were contesting the election.

In his final campaign appearances, Trump had told supporters to "pretend" he was on the ballot, arguing that a Republican defeat would put his legislative achievements at risk.He had also described the November 3 elections as among the most important midterm contests in American history and predicted a sweeping Republican victory if his supporters turned out in large numbers.However, as the results went against his party, Trump acknowledged that he was surprised by the outcome. Speaking to Fox News, he said he had expected Republicans to perform better, pointing to the large crowds at his campaign rallies."I thought we would do better," he said, adding that thousands of people had attended his rallies, with many unable to get inside.The Democratic victory in both chambers represents one of the biggest political challenges of Trump's presidency.

It ends the Republican Party's control of Congress and gives the opposition greater power to influence legislation, government spending and investigations into the administration.With control of the House of Representatives, Democrats will gain authority over key congressional committees, allowing them to summon administration officials, issue subpoenas and launch investigations into government policies and decisions.The party is also expected to use its new position to scrutinise the administration's handling of the Iran war, immigration enforcement, federal spending and allegations of corruption.Control of the Senate will give Democrats additional leverage over the President's legislative agenda and the confirmation of presidential nominees. They will also have a greater say in negotiations over government funding, potentially forcing the White House to compromise on its priorities.However, Trump's executive powers remain intact.

He can continue implementing policies within his authority and use his veto powers against legislation passed by Congress. Democrats would need a two-thirds majority in both chambers to override a presidential veto.The results also come at a crucial point in Trump's presidency, with the administration facing mounting public dissatisfaction over the cost of living, fuel prices and the conflict with Iran.For Democrats, the victory offers an opportunity to challenge Trump's policies and establish themselves as a stronger political alternative ahead of the next presidential election cycle.- Ends