Morena Sweeps Mexico's General Election, Portending Policy Continuity and Possible Constitutional Reforms

In Mexico, the ruling Morena party's victories in the presidential and legislative elections set the stage for policy continuity focused on poverty reduction and the expansion of government control over energy. Should Morena also achieve a qualified majority in both legislative chambers, the party could pass controversial constitutional reforms that decrease government checks and balances, while increasing corruption risks for businesses. On June 2, Mexico's National Electoral Institute (INE) announced that the ruling National Regeneration Movement (Morena) party candidate Claudia Sheinbaum won Mexico's presidential election with 58%-60% of the vote. Meanwhile, Xochitl Galvez of the opposition National Action Party received approximately 26% of the vote, while Jorge Alvarez Maynez of the Citizens' Movement party received approximately 10% of the vote. Both Galvez and Maynez have conceded defeat. Morena also retained its absolute majority in both the Senate and the Chamber of Deputies, alongside the allied Labor Party and the Ecological...