United States
Exalt’s Washington DC office is based here. Political and economic context, checked in October 2026.
Facts verified on 2026-10-21. Office holders and election dates change; check before relying on them.
The United States is a federal republic of 50 states with separate executive, legislative and judicial branches. President Donald J. Trump began his second term in January 2025. Republicans hold majorities in both the Senate and the House of Representatives. Trade policy is a central concern for international partners. In February 2026 the Supreme Court held that the International Emergency Economic Powers Act does not authorise tariffs, and the administration has since relied on other trade statutes. The One Big Beautiful Bill Act, a major tax and spending law, was signed in July 2025. Kevin Warsh succeeded Jerome Powell as Chair of the Federal Reserve in May 2026. All 435 House seats, about a third of the Senate and 39 governorships are on the ballot on 3 November 2026. Representatives of foreign principals may need to register under the Foreign Agents Registration Act, administered by the Department of Justice. Domestic lobbying is reported under the Lobbying Disclosure Act. The US is a member of the G7, the G20, NATO and the USMCA.
- Executive Office of the President (including the Office of the US Trade Representative)
- Department of State
- Department of the Treasury
- Department of Commerce
- Federal Reserve
- US Congress
