2022 Midterm Elections
Featured

Congressional Gridlock After Midterms May ‘Not Be All That Bad for Markets,’ Says Economist

Congressional Gridlock After Midterms May ‘Not Be All That Bad for Markets,’ Says Economist
The U.S. Capitol is shown in Washington on June 5, 2003. Both houses of the U.S. Congress, the U.S. Senate and the U.S. House of Representatives meet in the Capitol. Stefan Zaklin/Getty Images
Juliette Fairley
Juliette Fairley
Freelance reporter
|Updated:
0:00

A wave of Republican victories in the coming midterm elections will lead to a divided Congress, likely stalling President Joe Biden’s soft infrastructure—healthcare and childcare—agenda, according to an American economist.

“The House is very much tilting red and the Senate races have certainly narrowed in recent weeks. So, it will be very much gridlock in Washington, which tends to not be all that bad for markets because it means status quo and no major initiatives,” Carl Riccadonna, chief U.S. economist at BNP Paribas, told The Epoch Times.

Juliette Fairley
Juliette Fairley
Freelance reporter
Juliette Fairley is a freelance reporter for The Epoch Times and NTD and a graduate of Columbia University’s Graduate School of Journalism. Born in Chateauroux, France, and raised outside of Lackland Air Force Base in Texas, Juliette is a well-adjusted military brat. She has written for many publications across the country. Send Juliette story ideas at [email protected]
Related Topics