Business & Economy · 30 views
As the U.S. Treasury shells out $95 billion a month in interest to cover deficits, Trump pitches a $1.3 trillion payout to voters if Republicans win the midter…
For the past 11 months, the CBO reported yesterday, the U.S. Treasury has spent $1.05 trillion servicing national debt—approximately $95 billion every month.
AI Summary
President Trump has pledged a $5,000 payment to every adult American if Republicans control both chambers of Congress after the November midterms, a scheme that would cost at least $1.3 trillion. He offered no details on funding sources, only that the money must be spent on U.S. goods and services, implying Treasury financing. The Census Bureau counted 260 million adults in 2020, a number likely higher today, which underpins the cost estimate. The Congressional Budget Office’s latest monthly budget update shows the federal deficit reached $2 trillion in the first 11 months of fiscal year 2026, $6 billion lower than the same period a year earlier.
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