Live updates: Van Hollen to challenge Schumer; Outlook starts bouncing back

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Sen. Chris Van Hollen (D-Md.) announced on Thursday night that he will be challenging Senate Minority Leader Chuck Schumer (D-N.Y.) to become the majority leader of the upper chamber next Congress, as Schumer faces dissent from new senators in particular. “I think that we heard loud and clear from the American people that they want…