. However, Republicans appear poised to maintain control of the Senate and made gains in the House of Representatives. Below we examine a few impacts that President-elect Biden's victory—and the divided government over which he will preside—are likely to have on the banking industry:Business Insider Intelligence the president power to remove the director of the bureau at will.
If no stimulus bill is passed during Congress's lame duck session, stimulus discussions between the Biden administration and the House—which is almost certain to remain under Democratic control—will likely have fewer sticking than between the currently Democratic House and Republican administration.
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