President Donald Trump has voiced defiance after a heavy defeat in last Tuesday's midterms. Democrats captured both chambers of Congress, inflicting historic losses on Trump's Republican Party even in states long held by them.

Reacting on Sunday, Trump described the election outcome as a major setback for the country, but insisted his team will bounce back stronger than before.

Market claims and new appointments

In a statement shared on Truth Social, Trump noted that the stock market, which expanded during his presidency, suffered a loss right after the voting concluded.

While Republican lawmakers have been coming to terms with the defeat, Trump made a bold move on Friday by naming hardline advisor Stephen Miller as his new chief of staff.

“America took a giant step back in History with the results of the last Election, But have no fear, we will be back, BIGGER AND STRONGER THAN EVER BEFORE!”Donald Trump

Democrats ready for battle

Democrats have already promised to hold the Trump administration strictly to account. They pledged to oppose Miller, known as the architect of Trump's tough immigration policy, every step of the way.