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The stories that matter on money and politics in the race for the White House
Kamala Harris and Donald Trump raced to secure the last remaining votes of the US presidential election with a heavy focus on Pennsylvania, the biggest battleground state, where polls continue to show the candidates in a dead heat.
The state has 19 electoral votes and has been long viewed as key for both candidates’ path to the White House, with Trump winning there in his successful 2016 campaign but losing by 80,000 votes out of nearly 7mn cast four years ago.
The focus on the biggest swing state in the campaign’s waning hours is a sign of how both the Democratic vice-president and Republican former president are looking for every possible vote in an election that surveys suggest will be decided by a razor-thin margin.
The Financial Times poll tracker shows the candidates in a statistical tie in all seven swing states, which stretch from the eastern seaboard to the industrial Midwest to the western sunbelt.
Speaking to volunteers in Scranton, a city in north-eastern Pennsylvania, on Monday Harris did not mention Trump by name, but sought to contrast her more optimistic vision for America with his more downbeat view of the country.
“This whole era of this other guy . . . it makes people feel alone. It makes people feel like there is nobody standing with them,” Harris said. “Let’s be intentional about building community . . . about reminding people we have so much more in common than what separates us,” she said.
In the campaign’s final days, Democrats have been cheered by what they believe is a decided shift in polling towards Harris — including a surprising lead in a much-watched survey of Iowa that showed her ahead in what many analysts believed was a solid state for Trump. Aides to the former president dismissed the poll as an outlier.
Jen O’Malley Dillon, the Harris campaign chair, was upbeat about the election’s outcome, saying that “people who are making up their mind are breaking to the vice-president”. She added that a shift was occurring “in all of our battleground states” especially with core Democratic voter groups such as the young, Blacks, and Latinos.
But she acknowledged that the race was so close that the outcome may not be immediately clear. “We may not know the results of this election for several days, but we are very focused on staying calm and confident throughout this period,” she said.
More than 78mn Americans have already voted early, either in person or by mail, according to the leading tracker of pre-election day voting at the University of Florida. At least as many are expected to turn out on election day on Tuesday.
In her final push, Harris is making five stops in Pennsylvania on Monday — including two large rallies in the state’s biggest cities of Pittsburgh and Philadelphia — while Trump will hold his rallies in Pittsburgh and Reading, a mid-sized city in south-east Pennsylvania with a large Latino population, before capping off the day with an event in Grand Rapids, Michigan.
After being criticised for the violent rhetoric and grievance-filled speeches delivered during his last campaign appearances, Trump on Monday tried to focus on economic issues.
“Under my leadership we are quickly going to turn this economic nightmare into an economic miracle,” Trump said, adding that he would end “Kamala’s war on energy” by promoting fracking and drilling for fossil fuels.
Michigan is another of the too-close-to-call swing states. Trump held his final campaign rallies in Grand Rapids in 2016, when he defeated Hillary Clinton, and in 2020, when he lost his re-election bid to Joe Biden.
The Iowa poll and a handful of other pre-election surveys convinced some investors to pare their bets on a Trump victory, with the dollar weakening and Treasuries rallying on Monday.
The dollar fell 0.5 per cent against a basket of major currencies, putting it on course for its biggest one-day drop since August. The euro was 0.5 per cent higher against the US currency at $1.09. Yields on US government debt, which move inversely to prices, were lower and the Mexico peso strengthened.
Trump’s visit to Reading on Monday could be key to his prospects in the state as he seeks to shore up support from Latino voters, particularly those of Puerto Rican heritage, amid an ongoing controversy over a speaker at a recent Trump rally who called the US territory a “floating island of garbage”.
Harris — whose campaign has sought to capitalise on such incendiary comments — will also make a campaign stop in Reading on Monday, visiting a local Puerto Rican restaurant with Alexandria Ocasio-Cortez, the Democratic congresswoman, who is of Puerto Rican descent, and with Josh Shapiro, Pennsylvania’s popular Democratic governor.