America’s economy surprised the markets in the third quarter

The US economy grew by 33% in the third quarter, exceeding expectations.

Five days ago, Donald Trump faced Democratic rival Joe Biden in a final televised debate watched by millions of viewers.

During the debate, the discussion began with the issue of addressing the coronavirus. Trump stated that the United States has taken the step of shutting down "the most powerful economy globally" in order to confront the virus originating from China. He emphasized that his administration is strongly committed to fighting against the coronavirus. Trump also assured that a Covid-19 vaccine will be available within a few weeks, and the distribution of this vaccine to millions of individuals will be handled by the military.

Trump stressed that the country would not be closed again to confront coronavirus, adding: "You cannot stay in the basement as Biden does." He also mentioned his infection with Covid-19 and his admission to the hospital and recovery, stressing that he had become "immune" against the virus.

For his part, Biden launched a violent attack on Trump because of his management of the coronavirus crisis, considering that "the one responsible for the large number of deaths (in coronavirus in America) should not be a president," and he believed that Trump "has no plan to confront coronavirus." Biden reminded that "the president had previously underestimated the danger of coronavirus."

Biden considered that "we must implement measures to confront coronavirus and not close the country ... We are about to lose 200,000 additional people due to Covid-19," stressing that "providing resources is necessary to confront coronavirus."

A solution to pass the aid law to the Americans

Furthermore, Nancy Pelosi, a spokesperson for the US House of Representatives, revealed that she and Treasury Secretary Stephen Mnuchin engaged in a 53-minute phone call on Monday to discuss a potential aid package aimed at alleviating the economic impact of the ongoing coronavirus pandemic. Pelosi indicated that both parties are making progress in resolving their disparities.

Pelosi said on Sunday that differences remained with President Donald Trump's administration over a large-scale aid package, but she was optimistic that legislation might be passed before Election Day.

The White House proposed a $ 1.8 trillion stimulus package to help Americans suffering the economic damage from the coronavirus pandemic, but Pelosi stuck to her demand for a $ 2.2 trillion aid package.

The Republicans who control the Senate are reluctant to pass another giant aid bill. Senate Majority Leader Mitch McConnell said the House would vote on Wednesday on a $ 500 billion proposal targeting specific areas that need help.