Views split on Trump, Harris over economy

3 weeks ago 10

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Business & Economy

The Big Story

Would Trump or Harris better handle the economy?

A new survey finds voters see Vice President Harris and former President Trump as roughly equal on the question of who would best support the economy.

Harris earns 41 percent support compared to Trump’s 43 percent, the data shows, according to the latest poll conducted by The Associated Press/NORC Center for Public Affairs Research.

About 1 in 10 voters said they either trust the two presidential nominees equally or don’t trust either candidate.

The former president has sought to link Harris to President Biden’s unpopular record on inflation and his “Bidenomics” agenda.

But as inflation and the economy appear to be moving in a more positive direction, the vice president has been able to capitalize on the shift, likely helping to influence public opinion on the issue.

Roughly 60 percent of Americans disapproved of Biden’s handling of the economy before the president dropped out of the race in July, according to a separate AP-NORC poll conducted in late June.

In the latest survey, 80 percent of registered voters listed the economy as one of the most important issues going into November.

The Hill’s Lauren Irwin has more here.

Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.

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Essential Reads

Key business and economic news with implications this week and beyond:

FTC sues three largest drug middlemen for allegedly inflating insulin prices

The Federal Trade Commission (FTC) on Friday sued the three largest pharmacy benefit managers (PBMs) for engaging in alleged anticompetitive practices that boosted profits while “artificially” inflating the list price of insulin.

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Republicans shift to plan B to prevent shutdown

House Republicans have shifted gears as they race to avoid a government shutdown, eyeing a three-month stopgap spending bill — in lieu of a six-month extension — while dropping their demand for tougher voting rules as part of the package.

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Child care costs more than rent across 100 largest US metros

(NewsNation) — Sending two kids to day care is about 40 percent more expensive than rent across the nation’s 100 largest metros, according to a new study from LendingTree.

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Lobbying Line

The latest moves in some of Washington’s biggest lobbying battles:

The Hill's newest technology reporter Miranda Nazzaro writes about an interesting pro-crypto campaign event she attended Wednesday night in the industry's latest push to mobilize crypto owners and industry supporters to take to the polls this November.

The event, hosted by Stand with Crypto — a nonprofit launched last year with the help of cryptocurrency company Coinbase — was the campaign’s final stop in a swing-state tour and featured a performance by electronic DJ duo “The Chainsmokers.” The campaign previously made stops in Phoenix, Las Vegas, Detroit, Milwaukee and Philadelphia.

"The crypto voter is real, bipartisan, and ready to engage this cycle,” Stand with Crypto’s executive director Logan Dobson told The Hill. “It's clear that the crypto voting bloc is here and it's here to stay.”

Dobson, who also serves as the vice president of Targeted Victory, previously worked for the National Republican Senatorial Committee in the office of former Sen. Cory Gardner (R-Colo.).

The Ticker

Upcoming news themes and events we're watching:

The Census Bureau releases the U.S. retail sales report for August next Tuesday at 8:30 a.m. ET.

In Other News

Branch out with more stories from the day:

Stock market today: Wall Street closes its record-setting week mixed as FedEx slumps and Nike jumps

NEW YORK (AP) — A record-setting week for Wall Street closed on a quieter note Friday, as U.S. stocks …

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Good to Know

Business and economic news we've flagged from other outlets:

Qualcomm Approached Intel About a Takeover In Recent Days (The Wall Street Journal)
Inside the supertall building boom (The Economist)
The Hustlers Who Make $6,000 a Month by Gaming Citi Bikes (The New York Times)