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Trump Floats $5,000 "Stimmy" Checks For Every US Adult Citizen If GOP Holds Congress
During a speech Wednesday night at the GOP's midterm convention in Dallas, Texas, President Trump proposed sending every adult American citizen a $5,000 "Trump dividend" if Republicans retain control of both chambers of Congress in November.
"If the Republicans win the House of Representatives and the United States Senate, both of them," Trump said, "I will issue a dividend to every adult citizen in the United States of America for $5,000."
He continued, "It will be called the Trump dividend," adding, "Now all we have to do is win."
NEW: President Trump makes a major promise at the Republican midterm convention in Dallas: $5,000 for every adult U.S. citizen if Republicans win both the House and Senate in the midterms.
“I will issue a dividend to every adult citizen in the United States of America for… pic.twitter.com/XqiphY7y8a
Trump told the audience at the American Airlines Center: "Your vote will decide whether our country stumbles at the starting gate of our next 250 years or surges forward and never looks back."
Quick math: A $5,000 payout to 270 million adults would cost the US government approximately $1.35 trillion. The proposal comes as US public debt surpassed $40 trillion for the first time in recent weeks.
Bloomberg strategist Mark Cudmore warned that a large fiscal injection could intensify existing market pressures, including weaker Treasuries, dollar depreciation, and demand for commodities and other real assets.
"The general reaction from markets is very muted precisely as everyone sees almost zero chance of this happening. The US economy is strong and already at risk of running too hot, so pumping in so much extra fiscal stimulus when under funding pressure will exacerbate all the dynamics we're already focused on in markets: weaker Treasuries, a depreciating dollar and a rush to commodities and real assets," Cudmore said.
The proposal also arrives as Trump acknowledges that significant fuel-price relief may not come until after the midterms. The national average for gasoline remains above the politically sensitive $ 4-per-gallon level, while diesel prices are at record highs. Trump also indicated that the Iran conflict could continue beyond the elections.
President Trump's approval rating is around 38%, according to reporting by The Guardian.
Vice President JD Vance said that these proposed post-election direct payments to Americans could be funded by revenue from Trump's wide-ranging tariff program.
Tyler Durden Thu, 09/10/2026 - 13:00Bruce Willis’ wife Emma gives update on his dementia battle as family navigates ‘constant state of grief’
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Emergency Slide Accidentally Deployed On New Qatari-Gifted Air Force One Before Trump Flew To Texas
Authored by Jacki Thrapp via The Epoch Times,
The new Air Force One's emergency slide was accidentally deployed on Sept. 9 before President Donald Trump boarded to attend the first-ever 2026 Republican Midterm Convention.
The inflatable slide popped out shortly before the president was scheduled to board the plane and fly to Dallas for the high-profile GOP event.
When Trump was asked by a reporter if he was confident the plane was safe to fly, the president responded, "Yeah, I am, or I wouldn't be on it."
"As the President has said, the slide was checked out to make sure everything works perfectly," White House communications director Steven Cheung told The Epoch Times via email on Wednesday.
"Air Force One is on its way to Dallas so he can deliver his much-anticipated speech to a raucous and sold-out crowd."
Trump was scheduled to give the keynote address during the first night of the 2026 Republican Convention around 9:00 p.m. ET. The president will speak on Thursday to close out the event too.
A White House official separately told The Epoch Times that "military personnel accidentally triggered the slide" ahead of boarding.
The emergency slide was taken away before Trump boarded the jet, which is worth hundreds of millions of dollars.
Trump started flying on the jet in July after the government accepted the plane from Qatar as a gift in 2025.
Days after the plane started transporting the president, the Secret Service made Trump switch planes first to the old Air Force One plane, and then secretly to an unmarked C-32A military jet, to depart for a two-day NATO summit in Ankara, Turkey.
White House communications director Steven Cheung revealed on July 9 that the switch-up was part of a "distraction and misdirection" strategy intended to address threats against the president.
The plane is being used as the interim presidential aircraft while the White House waits for the fully equipped VC-25B planes, which are expected to arrive at the end of Trump's second term.
The Boeing VC-25B planes were supposed to arrive in 2024 but have been delayed for years and aren't expected to be ready for flight until mid-2028.
Tyler Durden Thu, 09/10/2026 - 12:45Trump Open To Pardoning Cohen After Former Attorney Says He Was Pressured
Authored by Tom Gantert via The Epoch Times,
President Donald Trump said Wednesday that he would consider giving his former personal attorney Michael Cohen a pardon after Cohen said he felt he was "pressured and coerced" while testifying against Trump in a criminal trial.
"If everything is checking out, it's something I would consider," Trump told reporters when asked if he would pardon Cohen.
"I appreciate that at least he came out, although late, he came out and rectified the situation."
A presidential pardon forgives a federal offense but does not declare the recipient innocent or erase the conviction from the criminal record, according to the Office of the Pardon Attorney. It can remove certain civil restrictions resulting from the conviction, potentially restore federal firearms rights, and improve the recipient's ability to obtain employment, professional licenses or bonding.
Cohen was a prominent critic and a prosecution witness in Trump's 2024 New York criminal trial. Cohen testified that Trump was involved in arranging a payment to adult-film actress Stormy Daniels during the 2016 presidential campaign.
Cohen pleaded guilty in 2018 to campaign-finance violations, tax evasion, bank fraud, and lying to Congress. He received a three-year federal sentence and completed his prison term and supervision requirements in November 2024. Asked whether he might seek a presidential pardon, Cohen said he did not know but might consider it later.
Trump was convicted of 34 counts of falsifying business records and denied wrongdoing. In January 2025, he received an unconditional discharge, meaning he was guilty but would face no penalty.
Trump appeared on Cohen's radio show in August and praised Cohen for recanting previous statements. It was Trump's first public conversation with Cohen in eight years.
"They weaponized you. They weaponized a lot of people," the president told Cohen on the latter's 770 WABC radio program in New York. "I respect the fact that you recanted everything you said. You're going to go down as a man of courage, great courage, because you did something that a lot of people wouldn't have the guts to do."
Cohen worked for Trump for more than a decade before their relationship collapsed amid criminal investigations, public criticism, and legal battles.
A federal judge in March 2024 denied Cohen's fourth request to end supervised release early, citing concerns that Cohen had contradicted his 2018 guilty plea.
Judge Jesse Furman said Cohen denied committing tax evasion while testifying under oath in Trump's civil fraud trial, despite previously pleading guilty to that crime.
Furman said that either Cohen lied during his plea or committed perjury during the 2023 trial, demonstrating a continued need for supervision.
Cohen and his attorney called the ruling legally and factually wrong, arguing he never disputed his underlying conduct and had accepted a coercive plea deal.
Tyler Durden Thu, 09/10/2026 - 12:15WTI Tops $101 As Strategic Petroleum Reserve Nears Record Low
Following Brent's lead (which is following Shanghai's demand push), WTI topped $100 this morning for the first time since May, fueled by festering Middle East hostilities (with Saudi-Houthi attacks stealing the headlines) and the Saudis latest statement showing crude output at a 36-year low.
That suggests the market is transitioning to a regime where $100 Brent is the new floor.
"The economic dimension is crucial," said Andreas Krieg, a Gulf expert from King's College London.
"Saudi Arabia is already contending with disruptions near the Strait of Hormuz and Houthi pressure on shipping in the Red Sea.
Attacks on Jazan and other vital economic infrastructure in the south place the Kingdom's export system under pressure from both ends."
Last night's API report showed de minimus product inventory moves withe a modest crude draw...
API
-
Crude -2.6mm
-
Cushing
-
Gasoline +348k
-
Distillates -265k
DOE
-
Crude -391k (-300k exp)
-
Cushing -684k
-
Gasoline +1.27mm
-
Distillates +2.087mm
Unlike the API report, refined products saw notable inventory builds last week while crude saw a tiny draw (the first time inventories have declined in back-to-back weeks since late June)...
Cushing stocks dipped and remain just off 'tank bottoms'...
The Trump admin drewdown a tiny 1.24mm barrels from the SPR last week - the smallest since the war began...
...now just 7mm barrels away from record lows...
US Crude production hit a new record high...
As Bloomberg's Tai Liu reports the 4-week moving average for US gasoline demand was 8.8 million barrels per day for the EIA week ended 9/4/2026, a week on week decline of 104,000 barrels per day. Meanwhile, the more volatile weekly gasoline demand figure saw a more sizable decline of 371,000 barrels per day. US gasoline crack spreads remain elevated at $40 per barrel, not far from the recent peak of $45 per barrel. US gasoline demand should continue to decline seasonally in the weeks ahead, especially at these elevated price levels.
WTI was hovering around the $100 level ahead of the official inventory data...
...and surged above $101 after the data...
Earlier this morning, we saw PPI driven by a rebound in crude in August. At this pace of rise in crude (and fuel) prices, we will see inflation surge again next month... dragging Warsh along with more hikes (which will do nothing to solve the supply constraint).
One word - stagflation!
Tyler Durden Thu, 09/10/2026 - 12:10