Trump on midterm loss: 'You have strong veto, you work on deals'

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Trump on midterm loss: 'You have strong veto, you work on deals'

Synopsis

Days before the November 3 midterms, Trump publicly acknowledged the possibility of a Democratic Congress — and said he'd use the veto pen and deal-making to navigate it. He also claimed Venezuela sent him a personal 'gift' of 1 million barrels of oil, and overstated a consumer confidence rise by conflating index points with percentage gains. All three threads landed in a single pre-departure press exchange.

Key Takeaways

Donald Trump said on Tuesday he would rely on veto power and bipartisan deals if Democrats win the House or Senate on November 3 .
The Conference Board's Consumer Confidence Index rose 7.5 index points — not per cent — to 91.7 in October; Trump described it as a record percentage jump, which the board did not.
Senior economist Fergus McCormick noted consumer confidence remained on a 'long-term downward trend' despite the monthly uptick.
12-month inflation expectations eased but remained elevated at 5.8 per cent .
Trump claimed Venezuela sent a ' gift ' of 1 million barrels of oil to the US and predicted sharp declines in oil prices.
Fuel costs have been a key campaign issue, exacerbated by the Middle East conflict.

US President Donald Trump said on Tuesday that he would lean on his veto power and negotiate across the aisle if Democrats captured control of the House or the Senate in the midterm elections scheduled for November 3. Speaking to reporters at Joint Base Andrews before departing, Trump framed a potential split Congress as a manageable scenario — one that past presidents have navigated.

Trump's Remarks on a Divided Congress

'We'll figure a way. Look, I hope that that won't be the case, but if it is, that's happened before with many Presidents, you have strong veto and you end up working on deals,' Trump told reporters. The midterms, now a week away, will determine which party controls both chambers of Congress for the final two years of his term. A Democratic majority in either chamber would significantly constrain his legislative agenda.

Consumer Confidence Data — and a Key Clarification

Trump also highlighted the latest consumer sentiment figures released earlier the same day, claiming the index had risen by a record 7.5 per cent. However, the Conference Board, which publishes the index, clarified that the Consumer Confidence Index rose by 7.5 index points — not per cent — moving from 84.2 in September to 91.7 in October. The board did not describe the increase as a record, noting instead that confidence had 'revived to June levels.'

Fergus McCormick, senior economist at the Conference Board, said the recovery 'was in line with retail gasoline prices easing from September to October.' He cautioned, however, that 'despite the increase in October, consumer confidence remained on the long-term downward trend that's persisted over the past few years.' Consumers' average 12-month inflation expectations eased slightly but remained elevated at 5.8 per cent, according to the board.

Venezuela Oil Shipment: Trump Claims a 'Gift'

On energy, Trump said Venezuela had dispatched a large oil cargo to the United States, which he characterised as a personal gift to the American people. 'We took over Venezuela very successfully. And they've sent me as a gift, a boatload of a million barrels of oil. And I'm giving that to the United States of America,' he said. He added that oil prices would 'be dropping very sharply' as a result.

Fuel costs have been a central campaign flashpoint, with gasoline prices elevated partly due to the ongoing conflict in the Middle East. A shipment of 1 million barrels, while notable, would cover a fraction of daily US consumption, which runs at roughly 20 million barrels per day — context Trump did not address in his remarks.

Stakes of the November 3 Midterms

The midterms will determine the composition of both the House of Representatives and the Senate for the remainder of Trump's term. A Democratic sweep of either chamber would hand the opposition subpoena power and committee chairmanships, complicating Trump's remaining legislative priorities. Trump's acknowledgement that he may need to rely on vetoes and deal-making signals an awareness, at least publicly, that a Republican sweep is not guaranteed.

Point of View

A nuance that undercuts the bullish framing. The Venezuela oil narrative, meanwhile, conflates a diplomatic or commercial transaction with a personal gift, raising questions about the legal and geopolitical mechanics that went entirely unaddressed. With fuel prices a live campaign issue, the optics matter more than the barrels.
NationPress
28 Oct 2026

Frequently Asked Questions

What did Trump say about working with Democrats after the midterms?
Trump said he would use his veto power and negotiate deals if Democrats won control of the House or Senate, telling reporters at Joint Base Andrews: 'You have strong veto and you end up working on deals.' He framed it as a scenario previous presidents had handled.
Did consumer confidence really rise by a record 7.5 per cent as Trump claimed?
Not exactly. The Conference Board reported that its Consumer Confidence Index rose by 7.5 index points — from 84.2 in September to 91.7 in October — not by 7.5 per cent. The board did not describe the move as a record, saying confidence had 'revived to June levels.'
What is the Venezuela oil shipment Trump referred to?
Trump said Venezuela had sent 1 million barrels of oil to the United States, which he described as a 'gift' he was passing on to the American people. He predicted oil prices would drop sharply as a result, though 1 million barrels represents a small fraction of daily US consumption.
Why are fuel prices a campaign issue ahead of the midterms?
Gasoline costs in the US have remained high, partly due to the ongoing conflict in the Middle East, making energy affordability a central voter concern in the November 3 midterm elections.
What are the stakes of the November 3 midterm elections?
The midterms will decide control of both the House of Representatives and the Senate. If Democrats win either chamber, they would gain committee chairmanships and subpoena power, significantly limiting Trump's legislative agenda for the rest of his term.
Nation Press
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