Debt Desk — Debt Desk — November 5, 2026: Washington Resets as Capital Keeps Moving
Good morning. It is Thursday, November fifth.
The national brief begins in Washington, where the meaning of Tuesday’s Democratic sweep is becoming clearer. Democrats will control both chambers of Congress in January, and party leaders spent Wednesday describing a mandate centered on affordability, accountability and a change in direction.
The immediate result is divided government for the final two years of President Trump’s term. Democrats will gain committee gavels, subpoena power and control of the legislative calendar. They can block much of the president’s agenda, investigate the…
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