President Donald Trump's proposal to distribute $5,000 checks to Americans would require congressional approval, according to House Speaker Mike Johnson. The Speaker indicated that Congress would need to act to implement such a plan.
Speaker Johnson noted that while Congress could potentially collaborate with President Trump on the initiative, there are no assurances of its passage. Separately, the Commerce Secretary stated that taxes would not be used to fund the proposed $5,000 "dividend" if Republicans secure a victory in the midterms.
President Trump has described the $5,000 payouts as "easy" to integrate into the federal budget. This is a developing story and will be updated as details emerge.
