President Donald Trump has pledged to send every American adult $5,000 if Republicans retain control of the House and Senate in the midterm elections. The dubious promise would 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.
Trump also said Wednesday that oil prices that have surged because of the Iran war likely won’t come down until after U.S. midterm elections. The comments were a striking acknowledgment from Trump about the conflict as his Republican administration faces mounting pressure to address high gas prices as the war in Iran grinds on with no conclusion in sight.
