Trump’s economic agenda becomes liability ahead of Nov. 3 midterm elections

  • President Donald Trump faces growing economic and political pressure before the Nov. 3 midterms.
  • Diesel reached $5.90 a gallon and gasoline reached $4.15 on Labor Day.
  • Republicans hold both chambers, but betting markets favor a Democratic House majority.

President Donald Trump’s economic agenda is emerging as a broader liability for Republicans eight weeks before the Nov. 3 midterm elections, as record fuel prices, tariffs, inflation, debt and labor disruptions intensify pressure on his party. Diesel reached $5.90 a gallon on Sept. 7, while gasoline reached $4.15, the highest Labor Day price on record. Republicans control both chambers, holding 53 Senate seats to Democrats’ 47 and 218 House seats to Democrats’ 214, with one independent and two House vacancies. Betting markets heavily favor a Democratic House takeover, while giving Republicans a narrow Senate edge. A Reuters survey found 46% of Democrats were very enthusiastic about voting, compared with 31% of Republicans. Trump is scheduled to address the first Republican midterm convention in Dallas on Nov. 9 and 10, as Democrats prepare to emphasize costs and oversight while managing divisions between progressive and mainstream factions.

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Trump’s economic agenda becomes liability ahead of Nov. 3 midterm elections - CoinPost Terminal