Trump's Veto Power to Curb Digital Platform Regulation
Democrats' return to control of the U.S. Congress is seen as an opportunity to reverse Donald Trump's policies, particularly obstacles to regulating digital platforms and artificial intelligence, though his near-absolute veto power will likely block federal legislation. Tech and AI company stocks fell on Wall Street after Tuesday's election. However, initiatives with the best chance of succeeding are expected to come from Democratic state governments, not Capitol Hill, as already seen in California. Democrats will govern up to 30 of 50 states starting in January. Trump has signaled his strategy, posting a photo wearing a "veto" cap and calling himself "Mr. Veto." Overturning a presidential veto requires a two-thirds majority in both chambers, a threshold Democrats cannot reach alone. Historically, only 7.3% of vetoes have been overridden since 1789.