Midterms May Spur Increased U.S. Fiscal Spending, Not Gridlock
- Spending priorities may align with Trump’s, SGH Macro says
- Question is whether stimulus arrives in 2019 or 2020
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If the U.S. midterm elections produce a divided Congress, the result will be a boost in fiscal stimulus, rather than partisan gridlock, according to SGH Macro Advisors.
Sassan Ghahramani, the research firm’s chief executive officer, sees a high probability that Democrats take control of the House of Representatives and Republicans hold onto the Senate. But he doesn’t expect that scenario to create the legislative logjam that many foresee.