Democratic presidential candidate Joe Biden speaks at a drive-in rally in Miramar, Florida on October 13, 2020. (Photo by JIM WATSON/AFP via Getty Images)

Democratic presidential candidate Joe Biden speaks at a drive-in rally in Miramar, Florida on October 13, 2020. (Photo by JIM WATSON/AFP via Getty Images)

(CNSNews.com) – Democrat Joe Biden and his fellow Democrats rail against President Trump and Republicans for wanting to get rid of the Affordable Care Act, with its high premiums and co-pays and limited options for millions of Americans.

But even Biden isn’t satisfied with the law as it now stands.

At a campaign stop in Miramar, Florida on Tuesday, Biden urged a larger role for government in Americans’ health insurance coverage, including bigger subsidies and expanded Medicaid/Medicare:

“Together, we’ll build on the Affordable Care Act by adding–by adding a new health insurance option, a not-for-profit option, to give private insurers a real competitor,” Biden said.

“We’ll increase (government) subsidies so premiums are lower cost to get more coverage, lower deductibles, lower out-of-pocket expenses.

“And by the way, anybody, anybody who qualifies for Medicare, but lives in a state like your governor that doesn’t allow for 800,000 people to have it, will automatically be enrolled. It’s wrong.”

Biden meant “anyone who qualifies for Medicaid”; Florida has not expanded Medicaid under the Affordable Care Act. But Biden also could have been thinking about Medicare for all, which has always been the goal of Democrats.

According to the Biden-Sanders Unity Task Force Recommendations, Democrats will secure universal health care through a public option, as follows:

Private insurers need real competition to ensure they have incentive to provide affordable, quality coverage to every American. To achieve that objective, we will give all Americans the choice to select a high-quality, affordable public option through the Affordable Care Act marketplace.

The public option will provide at least one plan choice without deductibles, will be administered by the traditional Medicare program, not private

(Bloomberg) — The dollar may tumble to its lows of 2018 on the rising likelihood of Joe Biden winning the U.S. election and progress on a coronavirus vaccine, according to Goldman Sachs Group Inc.

“The risks are skewed toward dollar weakness, and we see relatively low odds of the most dollar-positive outcome — a win by Mr. Trump combined with a meaningful vaccine delay,” strategists including Zach Pandl wrote in a note Friday. “A ‘blue wave’ U.S. election and favorable news on the vaccine timeline could return the trade-weighted dollar and DXY index to their 2018 lows.”



chart, histogram: Hedge funds turned bearish on the greenback for first time since 2018 in August


© Bloomberg
Hedge funds turned bearish on the greenback for first time since 2018 in August

The ICE U.S. Dollar Index has fallen almost 3.5% this year — trading just over the 93 level on Monday — as investors reacted to unprecedented pandemic-related monetary stimulus from the Federal Reserve and rock-bottom interest rates. The gauge traded below 89 in 2018, a level which would imply a further slide of more than 4%.

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Goldman joins the likes of UBS Asset Management and Invesco Ltd. in predicting a weaker dollar as Biden extends his lead over President Donald Trump with less than three weeks to election day. It recommends investors short the dollar against a volatility-weighted basket consisting of the Mexican peso, South African rand and Indian rupee.

The strategists also suggest buying the euro, Canadian and Australian dollars against the greenback. The firm is keeping open long recommendations for the yuan through unhedged Chinese government bonds.

“The wide margin in current polls reduces the risk of a delayed election result, and the prospect for near-term vaccine breakthroughs may provide a backstop for risky assets,” they wrote.

Read more: Trump-Biden Volatility Is Giving Traders Butterflies: QuickTake

(Updates pricing in third paragraph.)

For more

Call it their fail-safe option.

If Joe Biden were to lose a critical Midwest battleground like Michigan or Wisconsin, Democrats are counting on Arizona to bail him out, acting as a potential replacement state with enough electoral power to prevent President Donald Trump’s re-election.

After Trump carried this emerging swing state by just over 91,000 votes four years ago, some Republicans are now already bracing for a defeat that could “cut deeply down the ballot,” as one GOP aide in state government put it.

With early voting now underway and Democrats consistently tracking Biden with a 3-to-4 point lead, the Trump campaign is planning additional visits here from the ticket as soon as this week, attempting to salvage a reliably red bastion as suburban women are turning away from the GOP in droves.

“It’s fairly close. If anybody has a slight polling advantage it would be Biden,” said Constantin Querard, a conservative political consultant in Phoenix, “but the Trump campaign is much stronger on the ground.”

While the Trump operation has maintained a vigorous door-knocking presence throughout most of the pandemic, a battery of Democratic groups have been working online to mobilize the two constituencies most crucial to their success: Latinos — which now make up 24 percent of eligible voters here — and moderate Republican women.

Bettina Nava, a former state director for Sen. John McCain, falls into both groups. The lifelong Republican welled up in tears during a recent zoom call with the Arizona Democratic Party as she spoke about her decision to endorse Biden due to Trump’s divisiveness.

“I’m following my conscience,” she said. “Under a Biden-Harris ticket, we can return to those civil conversations about the great debates of our time. That’s what we need to be doing. You notice I didn’t say agreement over

The 2020 presidential election is rapidly approaching, with both Democratic challenger Joe Biden and Republican incumbent President Donald J. Trump fighting for every available campaign dollar. Each candidate has received total contributions in the neighborhood of $1 billion.

To find out which of the country’s 42,000 zip codes have donated the most money to Joe Biden over the past two years, Stacker analyzed Federal Election Commission records from Jan. 1, 2019-July 31, 2020, released in August, to compile a list of the top 50. Each zip code is ranked by its total donation amount to the Biden for President campaign committee. Only FEC-processed records from unique individuals, as opposed to outside groups or committees, were considered. Slides also include the number of donations made toward Biden’s campaign in that zip code, and the total state donations to the campaign.

Zip codes donating the most money to Joe Biden
Sean Rayford / Getty Images

The top 50 zip codes that have been most generous toward the Biden for President campaign span nine states, although 14 were contained within the island of Manhattan alone. One of the island’s wealthiest zip codes supported Hillary Clinton in the 2016 presidential election to the tune of 86% of the popular vote, although one of that zip code’s richest enclaves, Lincoln Square, saw Trump garner 33%.

California boasts 13 spots in the top 50, including perhaps the country’s most famous zip code. A hit television show in the early 1990s made those five digits a household name, and today’s residents have given more than $400 per donation to the Biden campaign.

While the White House has a zip code all to itself, seven surrounding zips in the nation’s capital are among Biden’s largest contributors. A nearby Maryland community, which also carries a famous Hollywood name, tops the list as the only seven-figure contributor.

The list

NEW YORK (Reuters) – The dollar fell to three-week lows on Friday on optimism that a deal for new U.S. stimulus would be reached, and as investors bet that Democrat Joe Biden is more likely to win the U.S. presidency and offer a larger economic package.

U.S. House Speaker Nancy Pelosi said she would resume talks on a possible COVID-19 stimulus package with Treasury Secretary Steven Mnuchin on Friday, while Senate Republicans voiced doubts that a deal can be reached before the Nov. 3 election.

Republican President Donald Trump, who initially withdrew from the negotiations this week only to regain interest in forging a bipartisan accord, said he was open to a larger deal.

“It seems like, at least in the White House, there is more of a sense of urgency that it needs to be done,” said Bipan Rai, North American head of FX strategy at CIBC Capital Markets in Toronto. However, “the key question for us is whether or not the Senate Republicans are going to go with it … they don’t seem to be united.”

“I think we’re more or less in a standstill until we get some more clarity on whether or not this stimulus package is going to go through,” Rai said.

The dollar index against a basket of major currencies <=USD> fell 0.54% to 93.05, the lowest since September 21, and fell below its 50-day moving average for the first time since then. It has held within a range from 91.74 to 94.75 since late July.

The euro

rose 0.57% to $1.1825. The greenback weakened 0.39% against the Japanese yen

to 105.60 yen.
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The U.S. currency also fell on rising expectations that Biden will win the Nov. 3 election, and that Democrats could win the Senate. A Democratic victory would likely result