US midterms: why a Democrat Congress could mean less political gridlock, not more

By Massimo Morelli, Professor of Economics and Political Science, Bocconi University
Dmitrii Petrukhin, PhD Candidate in the Department of Economics, University of Cambridge

The Democratic party has won both chambers of US Congress in the midterm elections, wresting control from the Republicans. With Donald Trump still in the White House until 2028, the result has raised expectations of political gridlock.

Analysts at the US investment bank Stifel, for example, have predicted that gridlock is “the most likely policy outcome”. Ahead of the elections, Trump warned…

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