Politics · United States · 3 hrs ago

US Midterm Elections Could Shift Control of Congress

US Midterm Elections Could Shift Control of Congress

US voters began voting in the midterm elections on November 3, 2026, to choose members of Congress.

The results will determine the makeup of the House of Representatives and Senate, and could shift control of both chambers to the Democrats.

The election is taking place as President Donald Trump's approval ratings have fallen, and about half of independent voters say they see their vote as a protest against him.

Polling cited in the report found more support for Democratic candidates than Republican ones, while many voters say the rising cost of living is a key concern.

If Democrats take control, they could increase congressional scrutiny of federal spending and industries including defense, health insurance, cryptocurrency and artificial intelligence.

Congress could also change how billions of dollars in government funding are directed, although Trump would still have veto power.

Analysts say a divided government has often coincided with rising stock markets, but they expect this election could have significant effects in specific areas.

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What people are saying

Sam StovallChief investment strategist at CFRA Research
At some levels, the industry does not really care who is elected.
via CNBC Indonesia
They just want to know what rules will apply for the coming year.
via CNBC Indonesia
Ariana SalvatoreHead of US public policy research at Morgan Stanley
We do not think that blueprint applies this time, and we still see many reasons to be constructive on the US equity market.
via CNBC Indonesia
We think this election could have meaningful consequences, but on a very localized basis.
via CNBC Indonesia