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[Hot News Recap: Democrats Regain Control of Congress; Fiscal Policy Battles and Debt Ceiling Become Key to Checking Trump] 1. With the Democrats in control of Congress, the battle over economic policies such as tariffs, oil prices, deregulation, healthcare, and AI expansion will enter a new phase. While Congress cannot directly control tariffs, immigration enforcement, or regulatory agencies, it controls federal spending and borrowing power, potentially forcing Trump back to the negotiating table. 2. The core issue of this election is the burden on people's lives. Tariffs, energy costs, and other livelihood policies are likely to become the main battleground for the Democrats to check Trump, increasing the risk of a government shutdown. A Democratic-led Congress may also demand more aggressive inflation control and be more skeptical of the "downward inflation effect of AI"; data center expansion in key states like Texas may also slow due to increased regulation by Democratic governors. 3. Christopher Hodge, an economist at Natixis, stated that trade and foreign policy remain concentrated in the executive branch, where Trump's power is limited; however, with a solid majority in both the House and Senate, the Democrats can credibly threaten a government shutdown or refuse to raise the debt ceiling unless concessions are made, such as restoring the canceled Medicare tax subsidies. 4. The debt ceiling becomes a "natural pressure point." The US unemployment rate is 4.2%, with an annualized growth rate of 3.4% in the third quarter, but inflation remains above the 2% target and is rising, driven by factors including tariffs, the Iran war, and the expansion of AI. Trump claims that deregulation can maintain growth without pushing up prices, but Democrats may challenge measures such as easing vehicle emissions standards. 5. Democrats can exercise oversight through hearings and investigations, and use appropriations bills to reshape or restrict the authority of federal agencies, involving issues such as immigration, the CDC, environmental regulations, and Department of Defense personnel. Trump still retains veto power, but if a budget cannot be agreed upon, government operations will be forced to halt; many political deals in history have been reached in such deadlocks. 6. Ed Al-Hussainy, a strategist at Columbia Threadneedle Investments, points out that the midterm elections are often a hidden moment for shifts in fiscal policy.