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Trump reiterates $5,000 ‘dividend’ pledge if Republicans win midterms

Plan to give US adults $5,000 has been greeted with incredulity across the political spectrum as well as outrage Donald Trump on Sunday doubled down on his controversial pledge to give US adults a $5,000 “dividend” if his Republican ⁠party keeps control of Congress after November’s midterm elections. The plan has been greeted with expressions of incredulity across the US political spectrum as well as outraged accusations of seeing to bribe voters. The plan – which would cost more than a trillion dollars – also comes amid huge concern over the US national debt, which topped $40tn for the first time in August. Reuters contributed to this article Continue reading...

The GuardianThe GuardianGuardian staff13 Sept

Grayscale Says US Crypto Rules Can Advance Without CLARITY Act

U.S. crypto regulation is becoming clearer even as the CLARITY Act faces an uncertain path through Congress, according to Grayscale. Stablecoin legislation and agency initiatives are advancing, though several changes remain proposals rather than final rules. Grayscale Sees Regulatory Progress Beyond CLARITY Crypto businesses could gain clearer fundraising and trading rules even if Congress fails […]

Bitcoin.com NewsBitcoin.com NewsKevin Helms13 Sept

Sunday shows preview: Republicans talk strategy as midterms approach; Iran conflict, Canada trade war leave economy in flux

Republican leaders traveled to Dallas this week for the GOP’s midterm convention, fueling the party’s President Trump-forward midterm strategy, as the party fights to maintain control in both chambers of Congress this November. The two-day event featured keynote speeches from Trump and Vice President Vance, tributes to the late conservative activist Charlie Kirk and warnings…

The HillThe HillSarah Davis12 Sept

Trump political adviser is ‘cautiously optimistic’ about GOP in upcoming midterms

A top political adviser to President Trump said he is “cautiously optimistic” that Republicans can keep control of Congress in November, despite political headwinds for the party and the president’s sinking approval ratings. “I won’t predict, you know, how many seats are going to be in either chamber come November,” James Blair told NBC News’s…

The HillThe HillFinya Swai12 Sept

Taxes wouldn’t fund $5,000 Trump ‘dividend’ if Republicans win midterms, says commerce secretary

Lutnick said $500bn of estimated $1tn needed to fund checks to all US adults could come from new visa program Donald Trump ’s controversial proposal to give a $5,000 “dividend” to all US adults if Republicans maintain control of Congress in November’s elections would not be paid out from US tax revenues, according to the US commerce secretary, Howard Lutnick. “It’s not tax money,” Lutnick said in an interview with NBC News , adding that the administration could “earn the money that Donald Trump wants to pay out, not from the deficit and not from taxpayers”. Continue reading...

The GuardianThe GuardianEdward Helmore12 Sept

Trump pledges $5K checks if Republicans do well in the midterms. Can he legally do that?

President Trump’s pledge to give $5,000 to every U.S. adult if Republicans keep control of both chambers of Congress in the midterm elections has raised questions over whether the plan could cross legal lines.   The president announced the so-called “Trump dividends” on the first night of the Republican National Committee’s (RNC) midterm convention in Dallas this…

The HillThe HillSophie Brams12 Sept

Republican seeking to implicate Abdul El-Sayed over 9/11 voted twice against benefits for first responders

Mike Rogers has also helped kill other bills that would have provided healthcare to responders and survivors Mike Rogers, a Michigan Republican US Senate candidate, has sought in recent weeks to create controversy over old tweets his Democratic opponent, Abdul El-Sayed posted about 9/11. He has for example, falsely suggested El-Sayed, who is Muslim, said the US deserved the attack. But, as critics have noted, Rogers has twice voted against healthcare and other benefits for 9/11 first responders and survivors, congressional records show. He has also helped kill other bills that would have provided benefits and healthcare to first responders nationwide. Rogers, a former member of Congress, is vying for Michigan’s open US Senate seat in a tight race that could decide control of Congress during the next session. Continue reading...

The GuardianThe GuardianTom Perkins11 Sept