12:30 Report is The Hill's midday newsletter. Subscribe here.

It’s Wednesday. The 2026 midterms are 363 days away!

In today's issue:

• Supreme Court criticizes president’s tariffs

• Trump’s strategy session with senators

• GOP blame game over election losses

• Schumer, Jeffries demand WH meeting

• Democrats clean up across board

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🌊 ELECTION 2025

Republicans lick their wounds after rout:

Voters sent a clear message to Washington on Election Day: They want change.

Democrats won decisively in every major race, outperforming polls and sending a powerful rebuke to Republicans.

GOP leaders have begun to grapple with what this means, while recriminations are already flying over why the party’s candidates underperformed.

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