Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Economic Times
The Economic Times

Trump, hoping to salvage midterms, makes a dubious pledge to give every US adult $5,000 if GOP wins

President Donald Trump pledged Wednesday to send every American adult $5,000 if Republicans retain control of the House and Senate in the midterm elections, an extraordinary gambit to reverse his party's sagging fortunes in November.

The dubious promise would most likely cost more than $1 trillion and require congressional approval, and would further exacerbate the country's nearly $1.8 trillion annual budget deficit and concerns about inflation.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.