- All Black fly-half Plummer to join French side Clermont
- Stock markets retreat ahead of Nvidia earnings
- Ford to cut 4,000 jobs in Europe
- As Trump returns, China seizes chance for climate mantle
- Spurs appeal against length of Bentancur ban for Son slur
- French comedian faces victims of drug-fuelled car crash
- Focus purely on Springboks, not future, insists under-fire Wales coach Gatland
- Ukraine criticises Western allies for embassy closures
- One Direction stars attend Liam Payne's funeral in UK
- French farmers lift border blockade after talks with PM
- US envoy heading to Israel to press for truce with Hezbollah
- Uganda opposition figure Besigye appears in military court
- General strike in Greece against cost of living
- UN nuclear chief welcomes Iran's 'concrete step' on uranium stockpile
- Floods to shave 0.2 percentage points off Spain's growth
- Argentina's Contepomi makes one change for France Test
- 'Steep climb' ahead as clock ticks on stalled climate talks
- Gatland changes four for Wales clash with South Africa
- 'Sport will have the last word' as WRC title goes down to the wire in Japan
- Western powers move to censure Iran at UN nuclear meet
- US envoy presses Israel-Hezbollah truce bid in Lebanon visit
- 'No controversy' around Alldritt exclusion for Argentina Test
- Stock markets gain, dollar higher before Nvidia earnings
- New WHO financing mechanism put to the test
- Besigye kidnapping: Uganda president's doctor turned rival
- Star K-pop producer of NewJeans quits after legal spat with BTS agency
- 'Eternal' Nadal leaves legacy as he retires from tennis
- Vieira takes over at struggling Gerona
- Australia's Kerevi banned for Morgan tackle
- Bellamy defies 'lunatic' reputation to inspire Wales revival
- Kremlin says US 'doing everything' to prolong 'war' in Ukraine
- Magritte painting nets auction record of $121 million
- Markets fluctuate as traders weigh geopolitical tensions
- N. Korea's latest weapon? Bombarding South with noise
- 'Kidnapped' Uganda opposition figure Besigye to appear at military court: lawyer
- Asian markets fluctuate as traders weigh geopolitical tensions
- 'An inauspicious day': the landmines ruining Myanmar lives
- UN to vote again on Gaza ceasefire, US plans unclear
- Japan's manga powerhouse 'Dragon Ball' turns 40
- Japanese, Koreans bottom of global love life survey
- Son blames 'mistakes' after South Korea held by Palestine in qualifier
- Japan ramps up tech ambitions with $65 bn for AI, chips
- Lights, action, melodrama! Silent films get new reel at London haven
- Myanmar led world in landmine victims in 2023: monitor
- ICC to sentence Timbuktu war criminal
- Ugandan opposition figure Besigye 'kidnapped', says wife
- Australia's Jason Day eyes more major glory after resurgence
- Machu Picchu security boosted after visitors spread human ashes
- Popovic hails Australia character in 'crazy' World Cup qualifier
- Taliban govt clearing 'un-Islamic' books from Afghanistan shelves
RYCEF | -0.75% | 6.64 | $ | |
CMSC | 0.17% | 24.606 | $ | |
NGG | -0.63% | 63.18 | $ | |
BTI | -0.07% | 36.905 | $ | |
SCS | -0.04% | 13.085 | $ | |
VOD | 0.22% | 8.94 | $ | |
RIO | 0.26% | 62.591 | $ | |
GSK | -0.39% | 33.33 | $ | |
RBGPF | -0.91% | 59.65 | $ | |
BP | -0.36% | 28.985 | $ | |
JRI | 0.08% | 13.27 | $ | |
AZN | -0.06% | 63.76 | $ | |
BCC | -0.4% | 137.63 | $ | |
RELX | -0.81% | 44.925 | $ | |
BCE | -0.63% | 27.138 | $ | |
CMSD | 0.11% | 24.37 | $ |
Harris woos voters with price-cutting plans
Kamala Harris was unveiling Friday an economic blueprint heavy on popular measures to cut costs for Americans, while attacking powerful companies for price gouging, as she fleshes out her election platform ahead of the Democratic National Convention.
The speech in North Carolina -- a vital battleground state -- will be the first time Harris, who jumped into the race against Donald Trump less than a month ago, lays out a vision for combating the inflation which soured voters on her boss President Joe Biden.
Taking a leaf from Trump's populist playbook, she is due to throw out promises of hefty tax breaks for families with children, help in accessing government-subsidized health care, and support for first-time homebuyers.
This comes on top of an announcement Thursday that the White House has negotiated reduced prices for retirees purchasing common medicines from major drug manufacturers.
Harris is also expected to call on Congress to pass the first federal ban on so-called "price-gouging" that will come with penalties on food companies that unfairly increase prices.
With the convention starting in Chicago on Monday, the proposals are meant to flesh out a come-from-behind campaign that has seen Harris spark huge enthusiasm in the Democratic Party, but offer little detail on how she'd govern.
The vice president, vying to become the first woman president, hopes the headline-grabbing proposals will distance her from Biden's unpopular management of price surges that hit ordinary Americans in the wake of the Covid pandemic.
"These bold actions will address some of the sharpest pain points American families are confronting and bolster their financial security," the statement from her campaign said.
Trump and the Republicans are trying to tie Harris to 81-year-old Biden, who abruptly dropped his reelection bid on July 21 and endorsed his vice president.
"Kamala Harris has had three-and-a-half years in office and all she's done is break the economy. Kamala can't shake the stench of Bidenomics," the Trump campaign said.
The Trump campaign referred to an "inflation nightmare for American families."
In reality, inflation is on a steady downward trend, while the US economy has avoided a much feared recession, with strong job growth and record stock markets. However, the lingering effects from the Covid-related upheaval continue to be felt for regular consumers, ranging from prices on some food items to high interest rates for home buyers.
- Battle over economic narrative -
One of Trump's most hard-right advisors, Stephen Miller, attacked Harris on social media, saying she'd looked at Venezuela, where leftist strongman Nicolas Maduro has overseen an economic collapse, and said "let's try that here."
But Harris, 59, has actually mirrored some of Trump's populist strategy, including a proposal to end taxes on restaurant workers' tips.
At the same time, Harris is drawing a contrast with 78-year-old Trump's economic vision, painting him as pro-millionaires and risking sharply increased costs for Americans through his proposal to slap tariffs of 10-20 percent on global imports.
And much of Biden's economic agenda is transferring straight over to the Harris campaign.
This includes his promise to eradicate "junk fees" that lure customers in with a low price before adding extras and keeping the president's no-tax-hikes pledge for those making under $400,000.
Until recently, polls showed that voters strongly preferred Trump to Biden on the economy. However, Harris is already starting to nullify that advantage and a new University of Michigan poll even shows her ahead.
A.Anderson--AT