Trump makes a familiar promise: $5,000 checks for everyone
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Newsletters Axios Local Show Axios Pro Axios Live The Axios Show Login Axios All topics Axios Search Updated 18 mins ago - Politics & Policy Trump makes a familiar promise: $5,000 checks for everyone Ben Berkowitz email (opens in new window) sms (opens in new window) facebook (opens in new window) twitter (opens in new window) linkedin (opens in new window) bluesky (opens in new window) Add Axios on Google Add Axios as your preferred source to
Add Axios on Google President Trump at the Republican Midterm Convention in Dallas. Photo: Al Drago/Bloomberg via Getty Images
President Trump is promising $5,000 checks for every adult U.S. citizen if Republicans retain control of Congress in the upcoming midterm election.
Why it matters: He's made similar suggestions before, many times, none of which ever came to pass.
The big picture: Voters are angry. Polls consistently show they feel the economy is bad and getting worse, they're preoccupied with inflation, and the most visible signs of stress — prices at the gas pump and the grocery store — are rising by the day.
Driving the news: At Wednesday night's GOP midterm convention , Trump made the unexpected offer.
Yes, but: It's not the first time the president has suggested some sort of rebate for Americans from his administration's policy actions.
Follow the money: The Census Bureau estimates there are about 245 million adult U.S. citizens.
Friction point: The bond market is increasingly uncomfortable with rising government spending and expanding deficits, pushing yields on some Treasuries to multi-decade highs in recent weeks.
What we're watching: The midterm is in 54 days.
Editor's note: This story has been updated with market data.
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