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What happens in the days after America’s election

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“There are no redos when it comes to elections,” says Al Schmidt. “Everything has to be done just right.” His spiel is part gospel, part warning, part pep talk. As Pennsylvania’s secretary of state, Mr Schmidt oversees elections in America’s most contested battleground. The candidate who carries his state—Kamala Harris or Donald Trump—will probably take the White House.
When Mr Schmidt alludes to “everything” that needs doing in this election, he means more than just voting. In Pennsylvania and across the country, tallying votes is a decentralised and drawn-out process. It may take days to know the result after election day on November 5th. (In 2020, it took nearly four days until major news organisations declared Joe Biden the winner.) The narrower the margin, the more time will be required for counting and recounting. Even then the result will be unofficial until Congress certifies it on January 6th 2025. In between lie a series of procedural steps performed by thousands of local and state officials.

Few Americans thought much about the mechanics of their elections until Mr Trump and his lawyers furiously sought to overturn his loss to Mr Biden. At every opportunity they tried to subvert what had long been considered a pro-forma process. Mr Trump’s allies alleged voter fraud in bunkum lawsuits, unsuccessfully strong-armed local and state officials to alter tallies and tried and failed to persuade Mike Pence, then Mr Trump’s vice-president, to block Congress from affirming the result. That day Mr Trump’s supporters ransacked the Capitol.

If this year’s election is as close as polls suggest, expect another fraught few weeks between November 5th and January 6th. Mr Trump will probably declare victory before news networks have called the race, stoking acrimony and misinformation. That Ms Harris is likely to do better among voters who post their ballots means that her fortunes will probably improve as the count progresses, since counting postal votes is usually slower. This occurred in 2020 in Pennsylvania, where Mr Trump’s initial lead turned to defeat by just over 80,000 votes, fuelling conspiracy theories about election theft. Mr Schmidt, then a local commissioner in Philadelphia, was targeted by Mr Trump on Twitter for refusing to investigate a “mountain of corruption”. Threats from MAGA supporters followed.

Counting: the days

All times in Eastern Standard Time (GMT–5)

Election day

Polls open in Pennsylvania. Counting of mail-in ballots starts

Polls close in Pennsylvania. Deadline for mail-in ballots to have reached counting officials

Unofficial results begin to be posted by local election boards in Pennsylvania’s 67 counties. In 2020, the close vote meant that four days passed before major news organisations declared that Joe Biden had won the state

In Pennsylvania, official canvass of the election starts. Counties “reconcile” their votes to check that the number of people recorded as having voted in each precinct matches the number of ballots counted. Officials also check the eligibility of provisional ballots

Unofficial county returns due to Pennsylvania’s secretary of state. Recount petitions must be filed within the next five days. If no revisions needed, then counties must certify

Pennsylvania’s secretary of state orders an automatic recount for any statewide race within a half-percentage-point margin

Recounts in Pennsylvania must begin no later than this date

Deadline for counties in Pennsylvania to certify to the secretary of state, who then starts on statewide certification

Deadline for governors (or, in the District of Columbia, the mayor) to submit a certificate of ascertainment, naming their state’s electors, to the National Archives

Electors meet in their state capitals to cast their votes

Deadline for electoral-college votes to be sent to the National Archives and the president of the Senate (ie, Kamala Harris in her capacity as vice-president)

Congress meets to count electoral-college votes and affirm the winner. Kamala Harris presides

The new president is inaugurated

In 2020 it took four days for news outlets to call the state, which delivered enough electoral-college votes to clinch Mr Biden’s victory. The delay stemmed partly from the fact that Pennsylvania prevents officials from pre-processing postal votes before election day. They cannot remove ballots from their envelopes, verify signatures and prepare ballots for machine counting. (Wisconsin is the only other swing state to similarly restrict pre-processing.) In 2020, amid the pandemic, 39% of ballots were cast by mail in Pennsylvania. The share may not be so high this time.

In Pennsylvania the count—or “canvass”—of postal ballots begins at 7am on election day. Most counties in the state, because they receive state funding, are required to keep at it until the job is finished, without pause. To be counted, postal votes must be received by the time that polls close, at 8pm on election day.

States write laws and set parameters for election administration, but counties handle the bulk of the work. They are like fiefdoms, says John Jones, a former federal judge in Pennsylvania; America has more than 3,000 of them. County commissioners select polling places, recruit staff and oversee the canvass. Then they report their tallies to state officials, who add them all up and certify the statewide result. Certifying means attesting to the accuracy and completeness of a count; until then returns are unofficial.

Allies of Mr Trump who claim without evidence that the 2020 election was rigged have been shut out of the most important statewide jobs in Arizona, Pennsylvania and even those swing states governed by Republicans. As a result, state officeholders are unlikely to block certification should Mr Trump lose. But some rogue officials at county level might withhold certification and thereby impede the rest of the process. Their job is “ministerial”, not discretionary, courts have ruled. They have no authority to investigate fraud or errors—under Pennsylvania law, that is for prosecutors and courts. In October a state judge in Georgia ruled that county election boards could not “play investigator, prosecutor, jury and judge” if they suspect fraud, and that they must certify once counting is finished.

Still, if Mr Trump loses, some county commissioners will probably allege improprieties and refuse to certify, inviting stand-offs with state officials. Already dozens have tried this in elections held over the past four years in every swing state but Wisconsin. When two Republican officials in Wayne County, Michigan, declined to certify the 2020 canvass there, Mr Trump tweeted: “Having courage is a beautiful thing.” In 2022 a Republican commissioner in Otero County, New Mexico, said his refusal to certify a primary election was based on “gut feeling”, not “evidence”. These cases were resolved when state officials or candidates either secured or threatened to seek a “writ of mandamus”, a court order compelling commissioners to certify. In Arizona two scofflaws were indicted.

Yet even unsuccessful efforts can mean long delays. In Pennsylvania, during the primaries in 2022, three majority-Republican county boards refused to certify the results because they decided that misdated postal votes need not be counted, contrary to state guidance. Courts ordered the boards to include those ballots and they eventually complied—more than three months after the primary. (Since then Pennsylvania’s Supreme Court has ruled that misdated postal ballots should not be counted.) A similar delay this year would conflict with the timeline for state-vote certification prescribed by federal law.

That law requires governors—in Pennsylvania’s case, Josh Shapiro, a Democrat—to submit statewide results by December 11th. These are known as “certificates of ascertainment”. To meet that date, states impose earlier deadlines on counties: in Pennsylvania, it is November 25th. Some Pennsylvania counties could miss the deadline if they slow-walk recounts, reckons Mr Jones, who predicts that Mr Schmidt may seek writs of mandamus in such cases. (In Pennsylvania recounts are automatically triggered in any race where the margin of victory is half a percentage point or less. Voters or candidates can ask courts for a recount if the margin is larger, but they typically must present evidence of fraud or error.)

Lawyers and courts, for their part, are poised to move quickly. Under rules handed down by Pennsylvania’s highest court, the timeline to appeal against a court decision has been compressed. What would normally take two or three months will happen in several days, says Ben Geffen of the Public Interest Law Centre in Philadelphia. As for claims of voter fraud, courts have had little patience for specious ones.

Certificates of ascertainment identify a state’s electors. These are representatives from the party of the winning candidate in each state, whom they pledge to vote for in the electoral college. Electors will meet in their state capitals on December 17th to fulfil this ceremonial role. On January 6th Congress counts electors’ votes and ratifies the winner. After the election in 2020 Republican lawmakers objected to the votes of Arizona and Pennsylvania; eight senators and 139 congressmen voted in favour of one or both objections. That will be harder this time: a federal law adopted in 2022 raised the threshold to lodge an objection from one member in each chamber to a fifth of members in each. Sustaining an objection requires a majority in each.

That the whole process appears so complex is a product of federalism and an archaic electoral-college system. That it faces such strain is a result of Mr Trump’s attacks. Unlike four years ago, everyone is attuned to the vulnerabilities now. “We’re not going to get caught with our pants down,” says Mr Geffen. The bigger worry, he adds, is disinformation and the distrust it sows. That problem can’t be solved by the courts.

Sources: The Economist

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Will Elon Musk’s cash splash pay off in Wisconsin?

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TO GET A sense of what the Republican Party thinks of the electoral value of Elon Musk, listen to what Brad Schimel, a conservative candidate for the Supreme Court of Wisconsin, has to say about the billionaire. At an event on March 29th at an airsoft range (a more serious version of paintball) just outside Kenosha, five speakers, including Mr Schimel, spoke for over an hour about the importance of the election to the Republican cause. Mr Musk’s political action committees (PACs) have poured over $20m into the race, far more than any other donor’s. But over the course of the event, his name came up precisely zero times.

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Economics

German inflation, March 2025

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Customers shop for fresh fruits and vegetables in a supermarket in Munich, Germany, on March 8, 2025.

Michael Nguyen | Nurphoto | Getty Images

German inflation came in at a lower-than-expected 2.3% in March, preliminary data from the country’s statistics office Destatis showed Monday.

It compares to February’s 2.6% print, which was revised lower from a preliminary reading, and a poll of Reuters economists who had been expecting inflation to come in at 2.4% The print is harmonized across the euro area for comparability. 

On a monthly basis, harmonized inflation rose 0.4%. Core inflation, which excludes food and energy costs, came in at 2.5%, below February’s 2.7% reading.

Meanwhile services inflation, which had long been sticky, also eased to 3.4% in March, from 3.8% in the previous month.

The data comes at a critical time for the German economy as U.S. President Donald Trump’s tariffs loom and fiscal and economic policy shifts at home could be imminent.

Trade is a key pillar for the German economy, making it more vulnerable to the uncertainty and quickly changing developments currently dominating global trade policy. A slew of levies from the U.S. are set to come into force this week, including 25% tariffs on imported cars — a sector that is key to Germany’s economy. The country’s political leaders and car industry heavyweights have slammed Trump’s plans.

Meanwhile Germany’s political parties are working to establish a new coalition government following the results of the February 2025 federal election. Negotiations are underway between the Christian Democratic Union, alongside its sister party the Christian Social Union, and the Social Democratic Union.

While various points of contention appear to remain between the parties, their talks have already yielded some results. Earlier this month, Germany’s lawmakers voted in favor of a major fiscal package, which included amendments to long-standing debt rules to allow for higher defense spending and a 500-billion-euro ($541 billion) infrastructure fund.

This is a breaking news story, please check back for updates.

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Economics

First-quarter GDP growth will be just 0.3% as tariffs stoke stagflation conditions, says CNBC survey

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U.S. President Donald Trump speaks to members of the media aboard Air Force One before landing in West Palm Beach, Florida, U.S., March 28, 2025. 

Kevin Lamarque | Reuters

Policy uncertainty and new sweeping tariffs from the Trump administration are combining to create a stagflationary outlook for the U.S. economy in the latest CNBC Rapid Update.

The Rapid Update, averaging forecasts from 14 economists for GDP and inflation, sees first quarter growth registering an anemic 0.3% compared with the 2.3% reported in the fourth quarter of 2024. It would be the weakest growth since 2022 as the economy emerged from the pandemic.

Core PCE inflation, meanwhile, the Fed’s preferred inflation indicator, will remain stuck at around 2.9% for most of the year before resuming its decline in the fourth quarter.

Behind the dour GDP forecasts is new evidence that the decline in consumer and business sentiment is showing up in real economic activity. The Commerce Department on Friday reported that real, or inflation-adjusted consumer spending in February rose just 0.1%, after a decline of -0.6% in January. Action Economics dropped its outlook for spending growth to just 0.2% in this quarter from 4% in the fourth quarter.

“Signs of slowing in hard activity data are becoming more convincing, following an earlier worsening in sentiment,” wrote Barclays over the weekend.

Another factor: a surge of imports (which subtract from GDP) that appear to have poured into the U.S. ahead of tariffs.

The good news is the import effect should abate and only two of the 12 economists surveyed see negative growth in Q1. None forecast consecutive quarters of economic contraction. Oxford Economics, which has the lowest Q1 estimate at -1.6%, expects a continued drag from imports but sees second quarter GDP rebounding to 1.9%, because those imports will eventually end up boosting growth when they are counted in inventory or sales measures.

Recession risks rising

On average, most economists forecast a gradual rebound, with second quarter GDP averaging 1.4%, third quarter at 1.6% and the final quarter of the year rising to 2%.

The danger is an economy with anemic growth of just 0.3% could easily slip into negative territory. And, with new tariffs set to come this week, not everyone is so sure about a rebound.

“While our baseline doesn’t show a decline in real GDP, given the mounting global trade war and DOGE cuts to jobs and funding, there is a good chance GDP will decline in the first and even the second quarters of this year,” said Mark Zandi of Moody’s Analytics. “And a recession will be likely if the president doesn’t begin backtracking on the tariffs by the third quarter.”

Moody’s looks for anemic Q1 growth of just 0.4% that rebounds to 1.6% by year end, which is still modestly below trend.

Stubborn inflation will complicate the Fed’s ability to respond to flagging growth. Core PCE is expected at 2.8% this quarter, rising to 3% next quarter and staying roughly at that level until in drops to 2.6% a year from now.

While the market looks to be banking on rate cuts, the Fed could find them difficult to justify until inflation begins falling more convincingly at the end of the year.

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