Trump forgoes earlier demand of increasing stimulus cheques for struggling Americans to $2,000 from $600. The turnabout came after calls from all sides of the political spectrum for action to avert an economic and social disaster.
Between making the rich wealthier, or spending more than the government can afford, the two presidential candidates have presented starkly opposing economic plans. They are only similar in recognizing the US is more in debt than ever before.
The positive test reading for the leader of the world’s largest economy adds more uncertainty to investors' worries. US stock futures and Asian shares fell in the wake of the news. Future contracts for S&P 500 and Dow industrials lost 1.9 percent.
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