Douglas Holtz-Eakin, President of the American Action Forum, says Democrats taking control of both chambers is bad news for the U.S. fiscal outlook. He expects larger deficits as the White House and Congress negotiate spending, including possible extensions of enhanced health-ins...
Monica Guerra, Executive Director and Head of Policy and Geopolitical Strategy at Morgan Stanley Wealth Management, says clients’ main question after the Democratic victory was what comes next. She argued that divided government could create a constructive market backdrop by limi...
The oil industry is bracing for Democrats to use their newfound political muscle to push for a deal with President Donald Trump and impose a windfall tax on surging crude prices.
Within hours of projections Tuesday night that Republicans would lose control of the US House and Senate, Democrats were enthusiastic about launching investigations into President Donald Trump and the people and companies in his orbit.
The Republican Party’s generational collapse in this week’s midterm elections ushered in a wave of finger-pointing largely aimed at the Oval Office, exposing deep fissures within the party and opening the door for 2028 hopefuls to hone their message.
Democrats swept into power in Congress on Tuesday, with outrage over the cost of living and the war in Iran leading to a thundering rebuke of President Donald Trump and his party just two years after his dominant White House comeback. Bloomberg's Josh Wingrove reports from Washin...
Democrats’ decisive victory has reshaped Washington. What’s next for Wall Street, the economy and your money? Bloomberg journalists answer your questions in a Live Q&A on Thursday, Nov. 5 at 9:45 a.m. EST.
On the early edition of Balance of Power, hosts Joe Mathieu and Kailey Leinz discuss Dems sweep into power in Congress. On today's episode, Bloomberg reporters from key states along with Rep. Glenn Ivey (D-MD), member of Appropriations Committee, Fmr. Rep. Charlie Dent (D-PA), Re...
A sweeping midterm victory has elevated Democratic governors and senators, while complicating the path for GOP hopefuls tied to the Trump administration.
It’s unclear if undoing the president’s agenda will bring back the voters from 2024.
Democrat Representative from Maryland Glenn Ivey, said that some voters, like young Latino men, were 'Trump curious, but now they're Trump furious' as they switched their vote from the president in 2024 to Democrats in the Midterms. Ivey said that now that Democrats hold both cha...
It was the most expensive election in US history and most of the biggest spenders have little to show for it.
Global stock markets erased a selloff sparked by a Democratic sweep of the US Congress, as uncertainty surrounding the midterms faded. What are analysts watching now? Bloomberg's Charlie Wells explains. (Source: Bloomberg)
Joe Lavorgna, chief economist at SMBC Nikko Securities, said that Trump's 'inability to deliver' on economic promises is what created a backlash from the American working class and Republicans subsequent midterm losses. Lavorgna said that he does still back the administration's t...
Tuesday night’s blue wave flipped both chambers of Congress for the Democrats, ushering in a new class of medical experts to federal and state offices after vaccine policy and health funding were upended by the Trump administration.
Key Senate progressive Chris Van Hollen said Wednesday that Democrats should demand a “bold agenda” targeting entrenched corporate interests in Washington before agreeing to back Chuck Schumer or any other aspiring Senate majority leader.
The election results in Texas may offer the Republican Party a chance for a hard reboot, says Bloomberg Opinion columnist Abby McCloskey, as the state's voters rejected MAGA and Trump-aligned candidates. (Source: Bloomberg)
Chuck Schumer and Hakeem Jeffries are poised to become the first congressional leaders from the same state since the 1950s. But their big moment comes with big questions.