After the 3 November midterm elections, the Democrats won control of both the Senate and the House, and could use budget powers and the debt ceiling to pressure President Trump into concessions. Trump still holds major decision-making power over trade and foreign policy, and his vetoes are hard to override because Democrats lack the seats. Incoming Senate Finance Committee chair Ron Wyden said the committee will pursue a tax plan requiring the ultra-wealthy and corporations to pay their fair share, review health care reform, and reaffirm Congress's authority over trade policy. The economy still looks solid, with unemployment around 4% and third-quarter GDP up 3.4%, but inflation remains well above the Fed's 2% target, pushed up by tariffs, the Middle East conflict and AI infrastructure spending. The article notes the overall impact of Trump's policies remains unclear, and without a budget agreement, government operations could halt while the parties negotiate.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Kinh tế Mỹ thế nào khi đảng của ông Trump không kiểm soát lưỡng viện quốc hội
Read the original on VnExpress ↗
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SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 11/04/2026 | 766.73 |
| Change that session | +1.64% |
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