Treasury Secretary Steven Mnuchin speaks during a Senate Small Business and Entrepreneurship hearing to examine implementation…
FILE - Treasury Secretary Steven Mnuchin speaks during a Senate Small Business and Entrepreneurship hearing to examine implementation of Title I of the CARES Act, June 10, 2020 on Capitol Hill in Washington.

WASHINGTON - The Trump administration and the Biden campaign sparred Sunday on the state of the U.S. economy eight weeks ahead of the November 3 national presidential election. 

Treasury Secretary Steven Mnuchin cited the drop in the unemployment rate to 8.4% in August and the addition of 1.4 million jobs as evidence that the American economy, the world’s largest, is recovering from the worst of the turmoil inflicted by the coronavirus pandemic. 

“We’ll have a phenomenal (gross domestic product) in the third quarter” extending from July through September, Mnuchin told the “Fox News Sunday” show. 

FILE - A woman checks job application information in front of IDES(Illinois Department of Employment Security)/WorkNet center in Arlington Heights, Ill., April 9, 2020.

But he acknowledged the U.S. economy still needs at least 7.5 million new jobs to regain its footing from March, when the jobless rate was at a five-decade low of 3.5%. 

Millions of workers remain unemployed, while employers have permanently killed off jobs. More than 50 million workers at one time or another have collected unemployment compensation in the U.S. this year. 

“The American economy is rebounding,” Mnuchin said, adding that Republican President Donald Trump “is going to get it back. The economy is continuing to recover, and we won’t quit until everyone is back to work.” 

FILE - Democratic vice presidential candidate Sen. Kamala Harris speaks during the Democratic National Convention, Aug. 19, 2020, in Wilmington, Delaware.

But Senator Kamala Harris, the vice-presidential running mate of Trump’s Democratic opponent, former Vice President Joe Biden, described Trump as “an abject failure and incompetent” in handling the economy during the pandemic. 

She told CNN that Trump only gauges how well the economy is doing “based on how well rich people are doing. One in five mothers say their kids under 12 are hungry.” 

Mnuchin said the Republican-controlled Senate will attempt this week to approve a targeted, slimmed-down coronavirus relief package to augment the $3 trillion in aid Congress and Trump authorized earlier this year.   

But Republican and Democratic lawmakers have been unable to agree on a broader package of new assistance, disagreeing, along with other issues, on the amount of additional assistance for unemployed workers and how long it should last. 

FILE - IMotorists take part in a caravan protest in front of Senator John Kennedy's office at Hale Boggs Federal Building asking for the extension of the $600 in unemployment benefits to people out of work, in New Orleans, La., July 22, 2020.

Until the end of July, the national government had been sending $600 a week to jobless workers on top of less generous state unemployment benefits, Trump signed an executive order calling for $400 a week extra payments, but state governments have been slow to start sending the reduced stipends to jobless workers and not all states have agreed to make the payments.   










What Happens Next?

What It Means to Become President-Elect in the US

In the United States, Democrat Joe Biden is being called the president-elect.

President-elect is a descriptive term not an official office. As such, Biden has no power in the government, and he would not until he is inaugurated at noon on January 20, 2021.

American news networks, which track all of the vote counting, determined on November 7 that Biden’s lead had become insurmountable in Pennsylvania, putting him over the 270 electoral votes needed to be president. Within minutes of determining his lead was mathematically assured, they projected him as the winner.

That is why news organizations, including VOA, are calling Biden the "projected winner."

Sometimes, in the case of particularly close elections, when news networks make this call, the other candidate does not concede victory. President Donald Trump has not done so, alleging voter fraud without substantial evidence and vowing to fight on. The president’s position has left Washington lawmakers divided, with Republicans backing a legal inquiry into allegations of vote fraud, even as they celebrate other congressional lawmakers who won their races.

When will the dispute be resolved?

The U.S. election won’t be officially certified for weeks. In the meantime, court challenges and state recounts could occur.

So far, the Trump administration has not provided evidence for any fraud that could overturn the result, but there is still time for more legal challenges.

Once states have certified the vote, pledged electors then cast their votes in the Electoral College in mid-December. Congress then certifies the overall Electoral College result in early January, about two weeks before Inauguration Day.