Midterm results left Democrats with larger-than-expected majorities in both chambers, and Goldman Sachs sees the outcome as relevant to fiscal bargaining and U.S. artificial intelligence rules.
Goldman’s earlier outlook allowed for possible federal AI legislation in the coming Congress, alongside the possibility of tougher state restrictions. The bank said Democratic wins in either chamber could prompt investigations of major technology companies.
Goldman sees upcoming fiscal deadlines as a possible opening for Democrats to bargain over policy. It listed possible demands such as restoring recently cut spending, reversing some tariffs and seeking limits on the Iran war.
