Trump Unveils $1.2 Trillion Midterm Stimulus Plan

Key Summary

U.S. President Donald Trump has announced a plan to distribute $5,000 checks to every adult U.S. citizen if Republicans win the midterms on November 3. The promise is estimated to cost around $1.2 trillion. The checks are part of a proposed stimulus package, which would provide $90 rebates to Medicare beneficiaries. The proposal has sparked debate, with some experts questioning the feasibility of the plan. Bitcoin's first $90 stimulus checks in 2020 lifted its price by 0.6%, according to academic research. The plan's details are still unclear, but it is expected to be a major talking point in the upcoming midterms.