Democrats Face Limits On Fixing the Economy

Wall Street Journal: “Many demands are beyond the reach of lawmakers to fix. The main tools of Congress, taxes and spending, are limited and slow-moving—and lawmakers still face Trump’s veto.”

“The new majority may struggle to stop the war in Iran, which has driven up energy prices in the months since President Trump’s decision to attack. Gasoline prices, largely set by global energy markets, could remain high even if the war ends. “

“In the Senate, Democrats are teeing up votes to repeal Trump’s tariffs on Canada, part of his global trade war that has contributed to rising prices. Yet they acknowledge that stricter limits to presidential tariff authority—which Trump has taken to its limits worldwide—could be vetoed and would likely have to wait for another administration.”