Veytics Intelligence
2026-11-04 · DW

What the Democrats' midterms win means for the US economy and Trump

For the millions who cast their ballots in the US midterm elections , one issue ranked above all others: the economy. So what does the Democrats' stunning capture of both the US Senate and House of Representatives mean for the economy and economic policy, given that President Donald Trump still has two years of his term to run? Initial market reaction has been muted but trending negative. Global stocks fell slightly, while the dollar followed suit. With Democrats now holding comfortable majorities in both houses of Congress and Trump still in the White House, it could lead to gridlock in Washington. Trump has already said he would become "Mr Veto," meaning he would block any legislation the Democrats advance.

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