On 6 November, the United States will hold presidential and congressional elections. Currently, polls suggest that President Barack Obama will be re-elected by obtaining around 49% of the popular vote, which would translate into 347 electoral votes, ahead of Republican Party candidate Mitt Romney, who would attain 45% of votes (191 electoral votes). Under the American electoral system, a certain number of electoral votes are assigned to each of the country's 50 states based on their population, with a candidate needing to secure a minimum of 270 votes in order to be elected president. As the vote in a majority of states is usually clearly defined towards one of the two parties ahead of the ballot, presidential elections are typically decided by the results in the so-called "swing states", in which differences in vote between the Democratic and Republican parties are rather small. With President Obama currently holding a wide lead in most of those states, he appears set for re-election by a comfortable margin. The Republican Party, however, is expected to maintain its majority in in the 435-seat House of Representatives, where, according to polls, Republicans will secure a minimum of 229 seats. Finally, the outcome of the Senate race - where only a third of the seats are up for re-election and where the Democratic Party currently holds a slim majority - remains too close to call. If the Republican Party was to obtain a majority in one or both of the two houses of Congress, this would lead to what is known as a "divided government", therefore increasing the possibility of a political stalemate in the country. With the so-called "fiscal cliff" - a series of major tax breaks and spending programmes running out on 31 December which amount to some USD 600 billion - looming, the economic outlook for 2013 remains overshadowed by the political situation in the coming months.
United States Other
Obama leading comfortably ahead of November elections
September 26, 2012
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United States Economic News
United States: Clinton’s lead over Trump widens but presidential election results are still uncertain
October 20, 2016
Only a few weeks ahead of the 8 November presidential elections, major polls suggest that Hillary Clinton has extended her lead over Donald Trump, but the presidential race will be decided in the most fiercely contested states.
October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.