Democrats set to challenge federal government stakes in private companies

During Donald Trump's presidency, the federal government acquired equity positions and stakes in numerous private companies, ranging from a golden share in U.S. Steel to agreements with Intel and MP Materials. These unprecedented interventions gave the government significant leverage and veto power over corporate operations. Following the midterm elections, incoming Democratic majorities in the House and Senate are preparing to investigate these deals and root out alleged corruption. This shift in political power could create significant hurdles for the existing arrangements and change how future administrations interact with private-sector corporations.