New Delhi, Oct. 31 -- The US midterm elections could increase the risk of a government shutdown and a standoff over the country's debt ceiling, while keeping businesses exposed to uncertainty over trade and tariff policies, even as a major shift in President Donald Trump's policy direction remains unlikely, according to a report by ICICI Bank.

The report said Democrats have a 63 per cent probability of gaining control of both chambers of Congress, with their chances of winning the House of Representatives at 90.9 per cent and the Senate at 64 per cent.

A Democratic sweep could lead to greater scrutiny of the Trump administration's policies, particularly on tariffs, immigration and government spending. However, ICICI Bank said a change i...