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America is unlikely to know its presidential winner on election night due to the expected surge in mail-in votes. A nightmare scenario is that one candidate will appear to have won based on initial tallies, but the leader flips as more mail-in votes are counted — thus causing some Americans to doubt the legitimacy of the final result.

Axios Re:Cap digs in with New Mexico Secretary of State Maggie Toulouse Oliver, a Democrat and current president of the National Association of Secretaries of State. She talks plans, concerns and why states won't keep quiet until all of their votes are counted.

Go deeper

Bryan Walsh, author of Future
Nov 7, 2020 - Politics & Policy

Why we struggle with the election expectations game

Illustration: Eniola Odetunde/Axios

Joe Biden appears close to an electoral win that will likely be narrower than election forecasts projected, and the initial sense that he underperformed expectations, which were themselves off base, could color his election and perhaps his presidency.

The big picture: We can't help but judge events based on whether they exceed or fall short of our expectations for them — but those expectations often aren't grounded in reality.

Buffett eyes slow U.S. progress, but says "never bet against America"

Warren Buffett in New York City in 2017. Photo: Daniel Zuchnik/WireImage

Warren Buffett called progress in America "slow, uneven and often discouraging," but retained his long-term optimism in the country, in his closely watched annual shareholder letter released Saturday morning.

Why it matters: It breaks months of uncharacteristic silence from the 90-year-old billionaire Berkshire Hathaway CEO — as the fragile economy coped with the pandemic and the U.S. saw a contentious presidential election.

Restaurant software meets the pandemic moment

Illustration: Annelise Capossela/Axios

Food delivery companies have predictably done well during the pandemic. But restaurant software providers are also having a moment as eateries race to handle the avalanche of online orders resulting from severe in-person dining restrictions.

Driving the news: Olo filed last week for an IPO and Toast is rumored to be preparing to do the same very soon.