The result may be too close to call, but both Kamala Harris and Donald Trump are proposing measures that could damage the US economy, says Kallum Pickering

As America heads to the polls today, markets are still guessing about who will win.

Last week, it looked like Republican candidate Donald Trump had nosed ahead. But polling over the weekend, including the closely watched Des Moines Register/Mediacom Iowa poll, suggested Democrat candidate Vice President Kamala Harris may have the final edge.

If voting is as close as the polls suggest, it may be days before we know the result. Following the 3 November 2020 election, it took US TV networks four days to call the result in favour of Democrat Joe Biden.

If the election is contested, which occurs when the loser challenges the validity of the outcome, a clear result could be weeks away.

Resolving contested elections is a messy and drawn-out process that creates incentives for candidates to fight the election even after voting is over.

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