Economy
October 20, 2020
CRU: With Congress Divided, Biden's Ambitions Will Be Limited
Written by Anissa Chabib
By CRU Principal Economist Alex Tuckett and Economist Anissa Chabib, from CRU’s Steel Monitor
It now seems clear that Joe Biden will become U.S. president in January. However, it is likely that the Republicans will maintain their Senate majority. This will significantly limit Biden’s ability to implement his economic policy agenda. In this insight, we revisit our previous analysis of his plans and look at what could still be possible. Trade is the area where the lack of a Senate majority will be least constraining. For fiscal and green policies, he will need to limit his ambition and compromise.
