Biden on Brink of Defeating Trump With Few States Left to Report, , on November 5, 2020 at 9:00 am

By ILP
On 11/05/2020
In Financial News
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(Bloomberg) — Joe Biden stood on the brink of claiming the presidency from Donald Trump on Thursday, with a handful of states expecting to complete their vote counts despite Republicans opening legal fights to stop counting in at least two states.Biden held 264 Electoral College votes out of the 270 needed to win the White House, according to the Associated Press. Trump has 214.Biden needs only to win an additional outstanding state, such as Nevada where he is leading, or Georgia, where his campaign believes absentee votes will push him over the top.The former vice president said he expects to prevail. “I’m not here to declare that we’ve won, but I am here to report that when the count is finished, we believe we will be the winners,” he told reporters in Wilmington, Delaware.His remarks came Wednesday afternoon after he scored a victory over Trump in Wisconsin, closing off one of the president’s best routes to re-election.Trump raged on Twitter about the increasing votes for Biden, and stoked rage among his most ardent supporters with the unfounded allegation that fraud kept him from winning. His campaign said it is suing in Pennsylvania and Michigan to halt vote counts that have been trending toward Biden.Trump falsely declared victory in Pennsylvania, one of the five states that has yet to be called by the Associated Press. The president was ahead in the state by 383,000 votes but Pennsylvania officials said more than a million ballots still have to be counted.To win the Electoral College vote, he would have to win all the battleground states that have not yet been called.Biden’s Wisconsin and Michigan victories reverse two of Trump’s upsets in 2016, when he defeated Hillary Clinton.Trump’s campaign said it would demand a recount in Wisconsin, where the candidates were less than 1 percentage point apart.The president tweeted throughout the day, casting doubt on the count of mail-in ballots, which were heavily Democratic, after the Election Day in-person votes were counted, which leaned Republican.“How come every time they count Mail-In ballot dumps they are so devastating in their percentage and power of destruction,” the president said on Twitter. Another tweet mused about his leads “magically” disappearing in states run by Democratic governors.Bill Stepien, Trump’s campaign manager, insisted the president was headed for re-election and that the campaign was readying its lawyers to challenge results in some states.The unresolved outcome — due to an unusually large number of mail-in ballots because of the coronavirus — risks stoking tensions further in the U.S., beset by an economic downturn and the raging virus.Biden campaign manager Jen O’Malley Dillon said in a statement early Wednesday that Trump’s remarks were “outrageous, unprecedented and incorrect” and “a naked effort to take away the democratic rights of American citizens.”In Nevada, where tallying was halted until Thursday, Biden was clinging to a lead of almost 8,000 votes. In the nationwide popular vote, he leads by roughly 3 million.There were few surprises among states where the Associated Press announced winners, with Republican and Democratic states generally falling in line, despite expectations for several upsets.Trump won Florida, a crucial prize in the race for the White House that closed off Biden’s hopes for an early knockout. The president also won Texas, which Democrats had hoped might flip and entirely reshape the electoral map.Trump won Ohio and Biden won Minnesota, states that each candidate had sought to take from the other but wound up politically unchanged from 2016.Trump still holds small leads in North Carolina and Georgia, though there are votes outstanding in each. Trump won both states in 2016. But his lead in Georgia was narrowing Wednesday evening.Biden won Michigan, Wisconsin, Nebraska’s Second Congressional District, Minnesota, Hawaii, California, Oregon, Washington, Colorado, New York, Virginia, Illinois, Maryland, New Jersey, Massachusetts, Connecticut, Vermont, Rhode Island, New Mexico, Delaware, District of Columbia and New Hampshire, according to the AP.Trump won Nebraska’s other four Electoral College votes, Ohio, Florida, Texas, Iowa, Idaho, Kansas, Arkansas, Indiana, Kentucky, Tennessee, South Carolina, Alabama, Mississippi, West Virginia, North Dakota, South Dakota, Wyoming, Louisiana, Oklahoma and Missouri.Nebraska is one of only two states, with Maine, that award an Electoral College vote to the winner of each congressional district. Trump won two districts and Biden won one. Trump won the state overall, giving him Nebraska’s two remaining Electoral College votes.Trump won Maine’s Second Congressional District and Biden won the first, plus the state’s two at-large electoral votes.Even if Democrats yet claim the White House, a wave of support they hoped would also give them control of both chambers of Congress may fall short.Democrats would need to win three of the five Senate seats still undecided to leave the Senate with a 50-50 split, which would give control to the party in the White House.Biden’s lead appears to be thanks to holding onto Latino and African-American voters in numbers similar to what Clinton had four years ago. And he narrowed Trump’s margin among White voters, voter surveys from the AP show.Trump had a 12-point lead among White voters in Tuesday’s election. Network exit polls four years ago showed him with a 20-point advantage among those voters. Biden led among Latino voters 30 points, Black voters by 82 points, and women by 12 points.(Michael Bloomberg, the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News, provided $100 million in support of Biden and his running mate Kamala Harris in Florida, half of that from his Independence USA PAC.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.,

Biden on Brink of Defeating Trump With Few States Left to Report(Bloomberg) — Joe Biden stood on the brink of claiming the presidency from Donald Trump on Thursday, with a handful of states expecting to complete their vote counts despite Republicans opening legal fights to stop counting in at least two states.Biden held 264 Electoral College votes out of the 270 needed to win the White House, according to the Associated Press. Trump has 214.Biden needs only to win an additional outstanding state, such as Nevada where he is leading, or Georgia, where his campaign believes absentee votes will push him over the top.The former vice president said he expects to prevail. “I’m not here to declare that we’ve won, but I am here to report that when the count is finished, we believe we will be the winners,” he told reporters in Wilmington, Delaware.His remarks came Wednesday afternoon after he scored a victory over Trump in Wisconsin, closing off one of the president’s best routes to re-election.Trump raged on Twitter about the increasing votes for Biden, and stoked rage among his most ardent supporters with the unfounded allegation that fraud kept him from winning. His campaign said it is suing in Pennsylvania and Michigan to halt vote counts that have been trending toward Biden.Trump falsely declared victory in Pennsylvania, one of the five states that has yet to be called by the Associated Press. The president was ahead in the state by 383,000 votes but Pennsylvania officials said more than a million ballots still have to be counted.To win the Electoral College vote, he would have to win all the battleground states that have not yet been called.Biden’s Wisconsin and Michigan victories reverse two of Trump’s upsets in 2016, when he defeated Hillary Clinton.Trump’s campaign said it would demand a recount in Wisconsin, where the candidates were less than 1 percentage point apart.The president tweeted throughout the day, casting doubt on the count of mail-in ballots, which were heavily Democratic, after the Election Day in-person votes were counted, which leaned Republican.“How come every time they count Mail-In ballot dumps they are so devastating in their percentage and power of destruction,” the president said on Twitter. Another tweet mused about his leads “magically” disappearing in states run by Democratic governors.Bill Stepien, Trump’s campaign manager, insisted the president was headed for re-election and that the campaign was readying its lawyers to challenge results in some states.The unresolved outcome — due to an unusually large number of mail-in ballots because of the coronavirus — risks stoking tensions further in the U.S., beset by an economic downturn and the raging virus.Biden campaign manager Jen O’Malley Dillon said in a statement early Wednesday that Trump’s remarks were “outrageous, unprecedented and incorrect” and “a naked effort to take away the democratic rights of American citizens.”In Nevada, where tallying was halted until Thursday, Biden was clinging to a lead of almost 8,000 votes. In the nationwide popular vote, he leads by roughly 3 million.There were few surprises among states where the Associated Press announced winners, with Republican and Democratic states generally falling in line, despite expectations for several upsets.Trump won Florida, a crucial prize in the race for the White House that closed off Biden’s hopes for an early knockout. The president also won Texas, which Democrats had hoped might flip and entirely reshape the electoral map.Trump won Ohio and Biden won Minnesota, states that each candidate had sought to take from the other but wound up politically unchanged from 2016.Trump still holds small leads in North Carolina and Georgia, though there are votes outstanding in each. Trump won both states in 2016. But his lead in Georgia was narrowing Wednesday evening.Biden won Michigan, Wisconsin, Nebraska’s Second Congressional District, Minnesota, Hawaii, California, Oregon, Washington, Colorado, New York, Virginia, Illinois, Maryland, New Jersey, Massachusetts, Connecticut, Vermont, Rhode Island, New Mexico, Delaware, District of Columbia and New Hampshire, according to the AP.Trump won Nebraska’s other four Electoral College votes, Ohio, Florida, Texas, Iowa, Idaho, Kansas, Arkansas, Indiana, Kentucky, Tennessee, South Carolina, Alabama, Mississippi, West Virginia, North Dakota, South Dakota, Wyoming, Louisiana, Oklahoma and Missouri.Nebraska is one of only two states, with Maine, that award an Electoral College vote to the winner of each congressional district. Trump won two districts and Biden won one. Trump won the state overall, giving him Nebraska’s two remaining Electoral College votes.Trump won Maine’s Second Congressional District and Biden won the first, plus the state’s two at-large electoral votes.Even if Democrats yet claim the White House, a wave of support they hoped would also give them control of both chambers of Congress may fall short.Democrats would need to win three of the five Senate seats still undecided to leave the Senate with a 50-50 split, which would give control to the party in the White House.Biden’s lead appears to be thanks to holding onto Latino and African-American voters in numbers similar to what Clinton had four years ago. And he narrowed Trump’s margin among White voters, voter surveys from the AP show.Trump had a 12-point lead among White voters in Tuesday’s election. Network exit polls four years ago showed him with a 20-point advantage among those voters. Biden led among Latino voters 30 points, Black voters by 82 points, and women by 12 points.(Michael Bloomberg, the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News, provided $100 million in support of Biden and his running mate Kamala Harris in Florida, half of that from his Independence USA PAC.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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