Raw video: Trump impromptu reaction to reporters after debate

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Live recap and analysis of the first presidential debate between Donald Trump and Kamala Harris.

Former President Trump and Vice President Harris led off the high-stakes presidential debate Tuesday with a discussion about the cost-of-living crisis and economic challenges Americans are facing.

The first faceoff between the two, held in Philadelphia and hosted by Disney-owned ABC News, kicked off with a question posed by moderator David Muir to Harris about whether Americans are better off than they were four years ago in terms of the economy and the cost of living under the Biden-Harris administration.

Vice President Harris said her economic plan is "about lifting up the middle class and working class of America" and wants to build an "opportunity economy" before discussing elements of her economic platform.

"We know that we have a shortage of homes and housing, and the cost of housing is too expensive for far too many people," Harris said. "We know that young families need support to raise their children, and I intend on extending a tax cut for those families of $6,000 — which is the largest child tax credit that we have given in a long time — so that those young families can afford to buy a crib, a car, but clothes for their children."