Natixis Corporate and Investment Banking
May 20, 2026
2026 Mid-term Preview: Mapping the Battlegrounds
Macro ThematicMacro Economic IndicatorsOther
This report previews the 2026 US Mid-term elections, highlighting a likely shift to a divided Congress as economic concerns and historical trends favor Democrats in the House while Republicans appear set to hold the Senate.
Key Takeaways
- 1.The 2026 US Mid-term elections are likely to result in a divided Congress, with Democrats favored to take the House and Republicans expected to maintain the Senate.
- 2.Historical trends strongly disadvantage the president's party; since 1946, they have lost an average of 25 seats in the House during mid-terms.
- 3.Economic dissatisfaction is a major headwind for the current administration, with President Trump's handling of the economy at -16 points approval.
Table of Contents
- Setting the Table – The Current Political Landscape
- Disclaimer
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Authors
Christopher HodgeJohn BriggsSelin Aker
Themes
2026 US Mid-term ElectionsEconomic Influence on Voting BehaviorGeopolitical Inflation Risks
Regions
North AmericaUnited States
