The first televised debate in the U.S. presidential election began with a mention of the U.S. economy and inflation.
US President Joe Biden, a Democrat, said he inherited from Republican Donald Trump an "America with a collapsing economy and rising unemployment" when he took office, BBC reported.
"We have to bounce back," Biden said. He also said things were "very bad" under the Republican Trump administration, saying Trump had "done nothing."
Biden used the word "chaos" several times.
Driven by the Trump administration's push to relax financial regulations and the recovery of investment banking business, the market value of the six major banks in the United States has cumulatively increased by approximately 600 billion US dollars by 2025.
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