U.S. President Donald Trump has pledged to send every American adult a $5,000 payment if the Republicans keep control of the House of Representatives and the Senate in November's midterm elections.
Speaking at the Republican Party's midterm convention in Dallas, Trump said the payment—which he dubbed the “Trump Dividend”—would be funded by what he described as the strength of the U.S. economy. He said the money would have to be spent within the U.S.
The Republican Party is expected to struggle in the mid-terms. Presidents' parties have historically lost seats in Congress during midterm votes, a pattern Trump has said he wants to avoid.
No further details of the plan have been released, and it is unclear how it would work in practice with critics warning it could also add to inflationary pressures.
Any such payment would need approval from Congress, and analysts have said the scheme could cost more than $1 trillion at a time when the U.S. national debt has already passed $40 trillion and the annual budget deficit stands at close to $1.8 trillion.
The proposal is not entirely new. Mr Trump floated a smaller, $2,000 payment earlier this year, suggesting then that congressional approval might not even be necessary.
Last year, he authorised a $1,776 payment to members of the U.S. military, which he called a “warrior dividend”.
Republican Senator Bernie Moreno of Ohio said he would prepare legislation so that the dividend could be passed swiftly after the 3 November election, provided Republicans retain control of Congress.
Democrats have not yet responded directly to the proposal.
China has announced plans to complete the world's first AI-driven geological map of Mars by the end of 2028, a project that aims to reconstruct...
Iranian President Masoud Pezeshkian has accused the U.S. and Israel of seeking to foment internal divisions in Iran after failing to defeat the cou...
A child was killed and five other people injured in Russian air strikes on Kyiv and the surrounding region early on Wednesday, Ukrainian officials ...
A Russian guided aerial bomb has struck an apartment building in Kharkiv, injuring 22 people, including children, according to the city’s mayor. The strike follows a day of near-continuous Russian attacks across Ukraine that killed at least five people.
Here's your AnewZ Daily Brief for 28 September 2026. These are the top stories making headlines in technology.
Saudi Foreign Minister Prince Faisal bin Farhan has arrived in Washington for talks with U.S. Secretary of State Marco Rubio on bilateral ties and key regional and international developments, Saudi state news agency SPA reported.
U.S. President Donald Trump has denied reports that he offered Iran sanctions relief and access to frozen funds in exchange for nuclear concessions.
The European Union's decision to simultaneously advance accession talks with Ukraine, Moldova, Montenegro and Albania marks its most ambitious enlargement effort in more than two decades.
A child was killed and five other people injured in Russian air strikes on Kyiv and the surrounding region early on Wednesday, Ukrainian officials have said.
China has announced plans to complete the world's first AI-driven geological map of Mars by the end of 2028, a project that aims to reconstruct the red planet's ancient water history and introduce a Chinese framework for Martian geological time that Beijing hopes will become a new global standard.
Norway’s parliament on Wednesday began public hearings into ties between late U.S. sex offender Jeffrey Epstein and Norwegian diplomats and politicians, as authorities face questions over the impact of those relationships on the country’s foreign service.
New York prosecutors have reopened a criminal investigation into allegations that seven Cornell University fraternity members sexually assaulted a student in 2024. The case is set to be presented to a grand jury following renewed scrutiny.
British Prime Minister Andy Burnham has declared that Brexit has done more harm than good, while reaffirming support for Ukraine and NATO as he used his first Labour conference speech as leader to set out a new direction for Britain.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment