Day: November 5, 2026

West already facing ‘grey zone’ warfare as Russia seeks to destabilise governments, former MI6 chief warns LBC

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🇺🇸 Democrats may have won control of Congress, but that doesn’t mean Americans will suddenly see their grocery bills, gas prices or health care costs fall.

Affordability was a major issue in the midterm elections, with roughly half of House voters describing the cost of living as crucial to their vote.

Arizona State University economist Dennis Hoffman says reducing tariffs could be one of the quickest ways to ease pressure on household budgets, since import taxes raise costs for businesses and consumers.

But Democrats would need Republican support to overcome a potential Trump veto.

Gas prices present another challenge.

Hoffman argues that resolving the conflicts involving Iran and Ukraine could help restore oil supplies and bring down fuel costs, particularly if shipping through the Strait of Hormuz returns to normal.

Health care reform would take longer, requiring difficult negotiations over spending, taxes and how to fund new benefits.

And even when costs ease, there’s a catch: prices that have already risen rarely return to their previous levels.

For Americans hoping election night would bring immediate financial relief, changing who controls Congress is considerably easier than reversing years of rising prices.

Source: ABC15 / Writer: Mhedi

@FBI