Democrats Win Congress, Trump Keeps Tariff and Executive Levers

Cointime update: Democrats have taken both chambers of Congress in the midterm elections, but Republicans retain the White House and the veto, leaving tariffs, immigration enforcement and military action under presidential control. The new Congress convenes January 3, 2027, while the current one must handle a December 11 stopgap funding deadline. Analysts cited see limited room for new fiscal expansion, supporting long-end Treasuries, with state-level permitting now the key variable for AI data centers.