Elon Musk suggests $5,000 checks to US households if targets met, sparking concern over potential rise in inflation
Donald Trump has appeared to embrace a proposal to share a portion of the cuts in US government spending made by Elon Musk’s “department of government efficiency” (Doge) with all US households in the form of checks, intensifying concerns about inflation potentially rising again.
Trump addressed the idea in a speech at an investment conference in Miami on Wednesday, telling attendees: “There’s even under consideration a new concept, where we give 20% of the Doge savings to American citizens, and 20% goes to paying down debt.”
Continue reading...