Nexus Europa — Oct 29, 2026, 04:30 AM UTC

Fitch warns US fiscal pressures will persist regardless of midterm results

Fitch Ratings warns that US fiscal pressures and budget deficits will remain under strain regardless of the upcoming midterm election outcomes.

Credit rating agency Fitch Ratings has warned that fiscal pressures in the United States will persist regardless of the outcome of the upcoming midterm elections. According to a statement from the agency, a shift in control of one or both chambers of Congress to Democrats could heighten political risks surrounding debt limit negotiations and budget appropriations. Such friction would likely place additional strain on the country's already elevated federal deficit. Fitch emphasized that the underlying fiscal credit indicators for the US are expected to remain under pressure regardless of which political party emerges victorious in the congressional races.

Sources: Anadolu Ajansı (Anadolu Agency).

Vietnam to maintain state control in key strategic sectors through 2030

Vietnam will keep full ownership of major energy groups and preserve state stakes in strategic sectors through 2030 while reducing holdings in other firms.

Vietnam plans to maintain full ownership of major energy enterprises and preserve existing shares in key industries through 2030, according to an official statement released by the government.

While Hanoi intends to reduce state holdings in select public companies, authorities have designated strategic sectors where government control will remain firm. Under the updated plan, the state will retain complete equity in key energy firms while sustaining present ownership levels across other critical economic areas over the remainder of the decade.

The policy outlines the government's approach to balancing economic modernization with state oversight of vital national infrastructure and resources.

Sources: Bloomberg