Trump Floats $5,000 Payout Promise If GOP Wins Midterms

Summary

President Trump proposed a $5,000 payout to adult U.S. citizens if Republicans keep control of both houses of Congress. Bloomberg's Balazs Penz discusses why the proposal is unlikely to become law and why markets have barely reacted. The segment also covers Trump's strategy to energize Republican turnout despite his low approval rating.

• Trump floated a $5,000 'Trump dividend' at the GOP midterm convention in Dallas.
• The payout would require congressional approval and cost over $1 trillion.
• Fellow Republicans have rejected similar cash payment ideas.
• Markets Live coverage notes a very muted market reaction, suggesting investor skepticism.
• The proposal could add to inflation and the federal debt burden.
• Trump is campaigning as if he is on the ballot to energize Republican voters.
• His low approval rating could make the strategy risky.