Key Points President Donald Trump just proposed a $5,000 payout to adult U.S. citizens, contingent on Republicans retaining both houses of Congress for the Nov. 3 midterm elections. There are far more questions than answers concerning the logistics of what may be a $1.2 trillion payout. Trump’s proposal comes amid persistently elevated inflation and a surge in long-duration Treasury bond yields. Based on what history tells us, putting more than $1 trillion into consumers’ hands would temporarily boost the economy but have potentially dire long-term consequences. 10 stocks we like better than S&P 500 Index › Election season is heating up, and so are campaign promises ahead of the Nov. 3 midterms. While not every law passed in Washington, D.C.
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