Stories

Donald Trump, Trump, US President
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CNBC TV18•19-10-2026, 23:42
Why Affordability and the Economy are Shaping the Upcoming US Midterm Elections
  • •Rising fuel prices, cost-of-living pressures and concerns over artificial intelligence are creating major political challenges for Republicans ahead of the November 3 US midterm elections.
  • •James Lindsay of the Council on Foreign Relations notes that Democrats are well positioned to regain control of the House of Representatives, while the Senate contest remains extremely competitive.
  • •Voters are primarily focused on economic anxiety and affordability, with soaring electricity and fuel bills directly impacting household budgets and driving voter dissatisfaction.
  • •Despite potential Democratic gains in Congress, analysts believe a shift in legislative power would not fundamentally alter President Donald Trump's approach to foreign policy or trade relations with India.

Key Questions Answered

Affordability is the central concern for voters because rising fuel prices, grocery costs, and energy bills have strained household budgets. High costs driven by the war in Iran and import tariffs have left Americans feeling that the government is failing to make daily life affordable.

A Democratic victory is expected to have a limited effect on President Trump's foreign policy or India-US trade negotiations. Because overriding a presidential veto requires a two-thirds majority in both chambers—a threshold rarely met—the White House will remain the primary driver of foreign policy.

The expansion of AI data centers has fueled public concern due to rising electricity costs and higher power bills. Many voters attribute increased energy expenses to artificial intelligence, adding to broader anxieties about employment and government inaction.