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President Trump speaks at the Republican Party's first midterm convention in Dallas on Sept. 9. Photo: Brandon Bell/Getty Images

President Trump defended waiting until after the midterms to send Americans $5,000 "dividend" checks, telling Fox News Channel's "The Ingraham Angle" on Thursday that Democrats "can't do it" now.

The big picture: Trump is teasing the checks as Americans remain frustrated by inflation, expensive groceries and high gas prices ahead of the midterms.