Democrats take Congress in a blue wave. Here's what it means for your money

The Capitol in Washington, Nov. 4, 2026.Umit Bektas | ReutersWith Democrats flipping control of Congress in the midterm election, the shift in power on Capitol Hill could reshape household budgets — from student loan bills and health insurance premiums to housing costs and taxes. Experts say results show that rising costs were top of mind for voters."I see this election as a repudiation of the anti-affordability agenda from the Trump administration," said Daniel Bunn, president and CEO of the Tax Foundation, a nonpartisan, nonprofit research organization."Whether that's the conflict in the Middle East or the tariffs, just top to bottom, it's clear to me that was a real concern of the electorate," he said.Read more CNBC personal finance coverageWhite House spokesman Matthew Middleton said in an emailed statement that the Trump administration has delivered "tangible wins to make life more affordable for American families." Officials "will continue to put hardworking American's first with or without support from Democrats," he wrote.Democrats won control of both the House of Representatives and Senate, which could make it easier for the party to advance legislation. They can also use ...