Trump’s $5,000 ‘dividend’ is really a $1.15 trillion hole in the deficit, top economist estimates

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Fortune
Trump’s $5,000 ‘dividend’ is really a $1.15 trillion hole in the deficit, top economist estimatesWorldPing
Image via Fortune.

What happened

Penn Wharton's Kent Smetters says the payout, floated at the GOP's midterm convention, could add up to $1.35 trillion to the $40 trillion national debt.

Key facts

  • Penn Wharton's Kent Smetters says the payout, floated at the GOP's midterm convention, could add up to $1.35 trillion to the $40 trillion national debt.
  • Reported by Fortune and published Thu, 10 Sep 2026 15:39:29 UTC.

Why it matters

Economic releases and corporate results feed directly into rate expectations, currency moves and equity pricing, so the detail here often matters more to markets than the headline itself.

What to watch next

  • Revisions to the initial figures once fuller data is released
  • How rate expectations and index futures respond
  • Guidance or commentary from the companies and policymakers involved

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Trump’s ‘Big Beautiful Bill’ projected to add a big, unbeautiful $3.4 trillion to the national debt over the next decade

  2. Trump tries to bribe Americans to vote Republican with promise of $5,000 dividend — only if the GOP wins

  3. Trump’s $5,000 ‘dividend’ is really a $1.15 trillion hole in the deficit, top economist estimates

Sources

The original report was published by Fortune. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Fortune

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