About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg QuickTake: Now published this video item, entitled “Crowds Continue To Celebrate Joe Biden’s Win At Black Lives Matter Plaza in Washington, D.C.” – below is their description.
Crowds continued to gather at the Black Lives Matter Plaza as it got dark in Washington, D.C. after Joe Biden won the U.S. 2020 election. Biden’s victory came after the Associated Press, CNN and NBC showed him winning Pennsylvania and Nevada and gaining more than the 270 Electoral College votes needed to secure the presidency. “I am honored and humbled by the trust the American people have placed in me and in Vice President-elect Harris,” Biden said in a statement. “In the face of unprecedented obstacles, a record number of Americans voted. Proving once again, that democracy beats deep in the heart of America.”Bloomberg QuickTake: Now YouTube Channel
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In This Story: Electoral College
The United States Electoral College is the group of presidential electors required by the Constitution to form every four years for the sole purpose of electing the president and vice president. Each state appoints electors equal in number to its congressional delegation. Federal office holders cannot be electors.
Of the current 538 electors, an absolute majority of 270 or more electoral votes is required to elect the president and vice president. If no candidate achieves an absolute majority there, a contingent election is held by the United States House of Representatives to elect the president, and by the United States Senate to elect the vice president.
The appropriateness of the Electoral College system is a matter of ongoing debate. Supporters argue that it is a fundamental component of American federalism by preserving the Constitutional role of the states in presidential elections. Candidates must appeal to a broad and diverse set of states rather than focusing only on the few U.S. cities with the highest population densities.
Critics argue that the Electoral College system is less democratic than a direct popular vote and that the College violates the democratic principle of “one person, one vote.” Thus, a president may be elected who did not win the national popular vote, as occurred in 1824, 1876, 1888, 2000, and 2016.
2 Recent Items: Electoral College
In This Story: Joe Biden
Joe Biden is an American politician who served as the 47th vice president of the United States from 2009 to 2017. A member of the Democratic Party, he served as a United States Senator for Delaware from 1973 to 2009.
Biden is the Democratic presidential nominee for the 2020 election, running against the incumbent, Donald Trump.
On August 11, 2020, Biden announced U.S. Senator Kamala Harris as his running mate in the 2020 presidential election.