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hold the balance of power

Definition

to be able to support either opposing side in a competition, etc. and therefore be able to decide who will win: If the independents do end up holding the balance of power, then they decide whether Labor or the Liberals govern the state for the next four years.Controlling and being in charge
(Definition of hold the balance of power from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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