With the U.S. midterm elections today, polls point to a tough picture for President Joe Biden.
In the USA, the midterm elections for the U.S. Congress, which are critical for the future policies of President Joe Biden and his administration will be held today.
Polls indicate that Democrats will lose a majority in the U.S. House of Representatives, while Republicans can achieve at least 50-50 parity in the Senate.
Rising inflation, a recession on the horizon, and a rise in crime and immigration are among the factors that gave impetus to the Republican candidates.
According to Bloomberg’s analysis, the Republicans’ victory in the election may narrow Biden’s room for action in the face of new economic and financial shocks. In addition, more vigorous Congressional opposition may confront the Biden administration’s unconditional support for Ukraine.
The Republican majority in the House and Senate could also lead to tougher talks to raise the U.S. debt ceiling to avoid bankruptcy than in the past.
