What If The Presidential Election Is A Tie?
Nov. 5 (Bloomberg) -- With the presidential race so close, what would happen if Americans wake up on Wednesday to a tie in Electoral College votes? The answer comes from the Constitution's Twelfth Amendment. It provides that if no candidate has a majority in the Electoral College, the House of Representatives shall choose the President, but the Senate chooses the Vice President. That means, if there is an Electoral College tie, we could be looking at a Romney-Biden administration. (Source: Bloomberg)
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47:06 - Carnegie Mellon University Professor Marvin Goodfriend and Komal Sri-Kumar, president at Sri-Kumar Global Strategies, discuss the impact of negative interest rates on banks and how smaller economies can benefit from negative rates. They speak on "Bloomberg Surveillance." (Source: Bloomberg)