Photo: Alex Wong/Getty Images

"Biden finds himself in landslide territory. ... Trump’s flailing has made a Democratic Senate majority possible," The Economist writes:

"That opens up the chances of a highly productive presidency which once seemed inconceivable. Before COVID-19 and widespread social unrest, Mr Biden’s candidacy was about restoration — the idea that he could return America and the world to the prelapsarian days of 2016. It transpires that he could have the opportunity to do something big instead."
"[T]o make lasting change through the federal government you need to win the Senate. And that cannot be done with a candidate at the top of the ticket who frightens the voters. ... [B]ecause he comes across as the grandfather he is, he is viewed with suspicion on the left."
"Yet that is precisely what makes him reassuring ... to voters in states like Montana and Georgia where Democrats must win to gain a majority in the Senate. It is Mr Biden’s caution that opens up the possibility of more change than a real radical would."

Go deeper

Focus group: Michigan swing voters think Harris will act as president

Sen. Kamala Harris during Wednesday's vice presidential debate. Photo: Alex Wong/Getty Images

Several Michigan voters who are sticking with President Trump think that if Joe Biden gets elected, Sen. Kamala Harris will be running the show — and her Wednesday debate performance reinforced their view.

Why it matters: These are some of the few voters for whom the vice-presidential pick has outsized importance in how they view the two tickets, and for now that's benefitting Trump.

Updated 47 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: The swing states where the pandemic is raging. Ex-FDA chief: Pence campaigning after COVID exposure puts others at risk — Mark Meadows: "We are not going to control the pandemic"
  2. Health: 13 states set single-day coronavirus case records last week — U.S. reports over 80,000 new cases for second consecutive day.
  3. Education: The dangerous instability of school re-openings.
  4. World: Australian city to exit one of world's longest lockdowns — In photos: Coronavirus restrictions grow across Europe
  5. Media: Fox News president and several hosts advised to quarantine after possible COVID-19 exposure
  6. Nonprofit: Rockefeller Foundation commits $1 billion for COVID-19 recovery
Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Bond investors see brighter days

Illustration: Sarah Grillo/Axios

U.S. government bonds could breakout further after yields on the benchmark 10-year Treasury note ticked up to their highest since early June last week.

But, but, but: Strategists say this move is about an improving outlook for economic growth rather than just inflation.