Trump Wants to Send Americans Money. Congress and Economists Don'
The proposal would cost more than $1 trillion and could worsen inflation, while bond investors and the Federal Reserve warn against it.
- On Wednesday, President Donald Trump promised a $5,000 "dividend" for Americans if Republicans hold Congress in November, with Vice President Vance suggesting tariff revenue could fund the payments.
- Paying every American adult $5,000 would cost the United States government more than $1 trillion, exacerbating fiscal discipline problems that critics say fuel inflation.
- The 10-year yield surpassed 4.86% Thursday following the announcement, hitting its highest level since 2023, as bond investors grow skeptical that Washington can address inflation.
- Analysts say the dividend would face insurmountable hurdles in Congress, while critic Caldwell stated, "Look, um, this is not going to happen." Such payments could force the Federal Reserve to raise rates.
- Treasury Secretary Scott Bessent is attempting to calm bond markets with a $6 billion government debt buyback, even as inflation remains uncomfortably high since the pandemic.
13 Articles
13 Articles
GOP rep unravels live on CNN after getting wrecked by his own words
Rep. Buddy Carter had a difficult time speaking to CNN host Boris Sanchez on Thursday when it came to the economy, inflation and the war with Iran. President Donald Trump announced out of the blue that he would send $5,000 checks to Americans if they voted for Republicans in November. It's an illegal move, but it's also one that even MAGA Republicans are complaining will make inflation so much worse while adding to the national debt.Trump has co…
Trump wants to send Americans money. Congress and economists don'
WASHINGTON (AP) — Donald Trump’s pitch to send Americans $5,000 checks should Republicans prevail in the November midterms is drawing scorn from some members of Congress — the very people who have constitutional authority over federal spending.
Analysis by David Goldman, CNN The U.S. economy has a perception problem: people think it's weak because prices are high. Actually, the economy is growing strong, probably too strong. Delivering checks of $5,000 to every U.S. adult if Republicans win the mid-term elections
CNN Plays Mash-Up Of Trump Promising ‘Over And Over Again’ To Send Big Checks To Americans
CNN played a mash-up of Donald Trump promising to send big checks to Americans, in light of his latest claim he'll send $5,000 to every citizen. The post CNN Plays Mash-Up Of Trump Promising ‘Over And Over Again’ To Send Big Checks To Americans first appeared on Mediaite.
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