President Trump's latest affordability plan, which proposes giving every adult American a $5,000 "Trump dividend," comes with a significant fiscal catch: people will only receive it if Republicans retain control of Congress. The proposal was announced with midterm elections less than two months away, as Americans remain highly aware of current costs. However, the plan overlooks heavy government spending and ballooning deficits that have concerned bond investors in recent weeks, with Treasury yields at multiyear highs. The bond market remains unimpressed by the lack of a long-term plan for tackling the national debt.
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