[UPDATE] Treasury is studying if Trump's $5,000 checks can go out without Congress
Scott Bessent said the checks will not add debt but would not say how.
Treasury Secretary Scott Bessent told a House panel the checks can avoid new debt, but would not say how to pay for them.
PREVIOUSLY
On Sept. 13, Howard Lutnick proposed funding Trump's $5,000 dividend by charging $5 million for certain visas.
Key details on the checks and budget impact:
- Paying each adult would cost about $1.3 trillion, or over three times yearly tariff revenue.
- The plan comes as US debt tops $40 trillion.