Bessent: Save Tariff Checks, Not Spend

Treasury Secretary Scott Bessent advises Americans to save proposed two-thousand-dollar tariff checks, citing potential inflation concerns. He suggests using Trump Accounts for savings, a House Republican proposal supported by former President Trump. Trump Accounts are tax-deferred investment accounts for newborns, with one thousand dollars starting balance. Bessents advice comes as Trump plans to issue tariff checks to moderate and middle-income Americans, aiming to pay down debt with accumulated tariff funds. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.