Not it. A caucus is a subset of a larger group, the members of a particular party or faction within the group. For group, think 'legislature' of 'House of Representatives,' though it could be any body that gets together and decides things by voting. To caucus, literally, is for all the people in a particular faction to get together and have their own meeting to decide how they are going to vote as a group.
It's mainly coming up in the news, I think, with respect to Independent Greg Orman in Kansas, who has been cagey about which party he will 'caucus with' if elected to the Senate.
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