From now until January 20 there are two things to watch. Firstly, Trump has refused to concede. This has implications for a smooth transition of power, which looks like being delayed in the very short term.
Trump is currently running a number of legal cases that allege voting irregularities. However, it is unlikely this is going to sway the result.
Biden is too far ahead in votes and in too many states. It would take quite a lot to flip any state, let alone enough states to alter the outcome of the election.
The second issue to watch is the fiscal relief package. Prior to the election, the opposing Republican and Democratic parties were attempting to agree on a fourth-phase of COIVD-19 related fiscal relief.
This has become particularly urgent given positive effects of previous packages have begun to fade and COVID cases are escalating.
Prior to the election, the two parties were quite far apart on the scope of the support, with Republicans keen on around $US500 billion, and the Democrats looking for around $US2 trillion.
Since the election, Republicans appear to have softened on the aid, and at this point we could we see a fiscal package of around $US1 trillion before the end of 2020.
Tom Kenny is a Senior International Economist at ANZ Research