Kamala Harris, despite running a more progressive campaign than Joe Biden, is expected to govern similarly to him due to the significant political and legislative constraints, particularly surrounding the future of the Trump tax cuts.
President Biden faces an uphill battle for reelection, grappling with waning support from Democrats, potential shifts in key demographics, and a resurgent Donald Trump.
The United States unaddressed national debt poses a significant threat, driven by rising entitlement costs and exacerbated by political inaction, potentially leading to a future economic crisis.
The Sahm Rule, triggered by a rising unemployment rate, is fueling recession anxieties despite a strong labor market, leaving economists and investors to grapple with the potential impact of the Federal Reserves inflation-fighting measures.
Kamala Harriss potential presidency hinges on the outcome of the battle over Trump-era tax cuts, highlighting the significant influence of legislative realities over campaign rhetoric.