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Hassett Sees Fiscally Responsible Path to $5,000 Payment
Source: Bloomberg
Fiscal Policy & BudgetElections & Domestic Politics
White House National Economic Council Director Kevin Hassett said President Trump’s proposal to send $5,000 checks to every adult U.S. citizen is a serious initiative and could be implemented in a fiscally responsible manner. The proposal could materially affect federal spending, household consumption and fiscal-deficit expectations, but no funding mechanism, timing or legislative details were provided.
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