WASHINGTON — Auto industry stakeholders looking forward to some postelection progress on legislation and an end to the Trump administration's tariff volleys should probably expect the opposite.
With divided government beginning in January, and the current polarized atmosphere, the watchword here is "gridlock," political observers say.
House Democrats are expected to use their new power to launch investigations into alleged corruption by senior administration officials and President Donald Trump himself, as well as Russian interference in U.S. elections.
The GOP-controlled Senate could be busy confirming new cabinet members. Attorney General Jeff Sessions was forced out of office last week, and many other department and agency heads are expected to quit or be fired in the coming weeks.
Congress will fund the government and raise the debt ceiling, "and then I think Mitch McConnell is more than happy just confirming new judges," Chris Krueger, managing director of political strategy for Cowen, said of the Senate majority leader. Cowen is a diversified financial services firm.