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Trump says US can afford to put $1.2T toward $5K dividend for adults
President Donald Trump doubled down Sunday on his pledge to send $5,000 to every American adult if Republicans win the midterm elections, declaring that the country can “easily” afford the payments and insisting, “I always keep my pledge.”
President Donald Trump doubled down Sunday on his pledge to send $5,000 to every American adult if Republicans win the midterm elections, declaring that the country can “easily” afford the payments and insisting, “I always keep my pledge.”
Trump made the remarks at the Amgen Irish Open in Doonbeg, Ireland, where he said the U.S. is bringing in enough money to cover the payments.
“If the Republicans win, as they said, it’s $5,000 [for] all adults in the country,” Trump said. “And we can easily handle that because we’re taking in so much money. We’ve never done better.”
TRUMP DEFENDS $5,000 DIVIDEND PROPOSAL, PRAISES ‘BEAUTIFUL’ TARIFFS ON ‘INGRAHAM ANGLE’

President Donald Trump applauds during the Amgen Irish Open 2026, at Trump International Golf Links in Doonbeg, County Clare, Ireland, Sept.13, 2026. (Reuters/Cathal McNaughton / Reuters Photos)
“The Democrats can’t make that pledge because it’ll all go to hell right away,” he added.
Trump said the payments would go to “everybody” and argued that Republicans remaining in power would allow the economy to continue on its current course.
“The Democrats get in, you’ll go into a depression. If we get in, we will continue this incredible situation,” Trump said. “We have trillions of dollars coming into the country, and the 5,000 is going to everybody. I made that pledge. I always keep my pledge.”

President Donald Trump gestures during the Amgen Irish Open 2026, at Trump International Golf Links in Doonbeg, County Clare, Ireland, Sept. 13, 2026. (Reuters/Cathal McNaughton / Reuters Photos)
Trump announced the proposal Wednesday during the Republican Party’s midterm convention in Dallas, making the payments contingent on the GOP retaining control of both chambers of Congress in November.
“Here is my promise: If the Republicans win the House of Representatives and the United States Senate, I will issue a dividend to every adult citizen in the United States of America for $5,000,” Trump said at the time.
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Paying $5,000 to roughly 240 million adult citizens would cost about $1.2 trillion.
Vice President JD Vance pointed to tariff revenue after Trump’s announcement as one source of money for the proposal. He also suggested wealthy Americans could be excluded, which would lower the total cost.

FILE – Vice President JD Vance highlighted tariff revenue following the president’s proposal. (Getty Images / Getty Images)
“We’re taking an extraordinary amount of revenue because the president of the United States is standing up to both foreign companies but also foreign countries who have been taking advantage of America’s workers,” Vance told Fox News at the time.
TRUMP FACES RECKONING AS GOP FIGURES LABEL $5K PROMISE A ‘SOCIALIST VOTE-BUYING SCHEME’
Treasury data previously reviewed by Fox News Digital showed the government collected $34.2 billion in customs duties in a single month and about $208.5 billion since January. Those figures represent gross collections and do not account for refunds tied to tariffs later struck down by the Supreme Court.
The White House has not released specific eligibility rules or a detailed plan for funding the payments.
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The proposal would also require congressional approval before checks could be issued. House Speaker Mike Johnson said Sunday that Congress would have to authorize the spending.
Fox News Digital’s Amanda Macias contributed to this report.
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Central banks should favor market inflation expectations when setting policy – UBS

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Selfridges boss calls for extension
The chief executive of Selfridges Group has called for Sunday trading hours in England and Wales to be extended, saying its Oxford Street flagship would benefit significantly from opening for an extra two or three hours.
André Maeder told The Sunday Times that Sunday was the day on which most consumers had time to shop. Under the Sunday Trading Act 1994, large shops in England and Wales may open for only six continuous hours between 10am and 6pm.
“In Germany, where I worked for Kaufhaus des Westens, or Switzerland, where I come from, you cannot open on a Sunday, so I’m happy with the solution here,” Maeder said. “But I really think even two hours more would really help, because this is the day that everybody has time [to shop].”
The Selfridges flagship opens for browsing at 11.30am on a Sunday but cannot sell goods until 12pm. Maeder said he would prefer it to trade from 11am to 7pm. “We open the store at 11.30am, but you can’t buy…it’s a little bit crazy,” he said.
His comments were echoed by Ewan Venters, executive chairman of Paul Smith and a former chief executive of Fortnum & Mason.
“At Christmas time at Fortnum’s, we would literally let people fill trolleys of food,” Venters said. “And we’d even scan the items in the few minutes before 12pm, then wait for 12pm to push pay. It is all antiquated.”
The act was brought into effect under John Major’s government after years of opposition to Sunday buying and selling. George Osborne, the former chancellor, later tried to loosen the restrictions by passing control to local authorities, but the plan was blocked by parliament. London retailers have since renewed calls for the rules to be relaxed.
Venters said the original compromise “was born out of a point of view that if you are starting to ask people to work on a Sunday, you should also respect that, as a Christian country, people should be allowed time to go to church and be with their family. But of course life has changed a lot.”
Maeder said Sunday shifts were “quite loved” by Selfridges staff. “We’re pushing nobody to work on a Sunday,” he said.
The rules were also presented as protection for smaller shops against large supermarkets, although the big grocers now operate thousands of their own convenience stores, which trade without Sunday restrictions. Venters said Scotland does not restrict Sunday trading and suggested a “common model” could apply across the UK.
Costs and ownership
Both businesses are attempting a reinvention. Luxury stores including Selfridges have been affected by the removal of VAT-free shopping for tourists under Rishi Sunak, a policy the Mulberry chief executive has also urged ministers to reverse. Both have also been hit by higher employment taxes and energy costs.
“We are suffering like everybody else from this crazy decision,” Maeder said of the end of the VAT relief. “It’s not only luxury. This is harming retail, hotels, taxi drivers, airports, everybody.”
Maeder said footfall had risen at Selfridges for four years in a row. His strategy is to turn the store into an “experiential” destination with more pop-ups, brand collaborations and hospitality, aimed at Londoners rather than tourists now shopping in Paris or Milan.
Selfridges was owned by the Weston family until 2022, when it was bought by Thailand’s Central Group and Austria’s Signa Holding. Signa was plunged into financial crisis in 2023 as rising interest rates increased pressure on its debts, and its stake passed to Saudi Arabia’s Public Investment Fund, which runs the store with Central Group.
Wholesale in retreat
Paul Smith has cut ties with hundreds of less profitable wholesale locations and is seeking to grow direct-to-consumer sales. Venters said many independent stockists had closed after the pandemic, while others had been absorbed by consolidators such as Frasers Group, which bought Harvey Nichols in August.
“In a nutshell, we’ve got a business that in wholesale is one third of what it once was, making significantly less margin, because as the consolidation happens, the bigger guys then expect bigger discounts,” he said.
The United States is becoming a more important market, Venters said. “I think the Americans are getting back to offices faster than the Europeans are.”
Business
Non-executive director awards 2027 open for nominations
Nominations opened today for the 2027 Non-Executive Director Awards, the annual programme run by the investment bank Peel Hunt and supported by The Sunday Times. Entries close on 8 November and the winners will be announced at a ceremony on 18 March 2027.
Next year’s edition will be the 21st. The awards were founded by Peel Hunt in 2006 to “recognise the achievements of non-executive directors who contribute daily to the success and growth of businesses”.
There are eight categories: FTSE 100 chair; FTSE 100 Ned; FTSE All-Share; FTSE Aim; private/private equity-backed; not-for-profit/public service organisation; the Dame Helen Alexander Ned to Watch; and lifetime achievement.
A shortlist will be published in early February. The awards website gives the shortlist date as 7 February 2027 and the ceremony as 18 March 2027, and lists Alvarez & Marsal, Audeliss, Board Intelligence, the CBI and Santander among the supporters of the programme alongside Peel Hunt and The Sunday Times.
Who is judging
The judging panel includes Steven Fine, chief executive of Peel Hunt; Paul Walker, chair of Relx; and Lesley-Ann Nash, non-executive director at the Confederation of British Industry. It will be chaired by Tim Score, the chairman of Bridgepoint Group.
Fine said: “This is an opportunity to highlight the biggest contributors to governance, best practice and stewardship in one of the most challenging periods of recent times.”
He said the challenges with geopolitics, rising interest rates and bond yields, plus the rise of AI, had kept boardrooms busy in the past year.
Research published in 2024 by The IN Group found that more than half of the senior executives it surveyed regarded artificial intelligence as the biggest direct threat to their organisation, and that 62 per cent planned to prioritise hiring AI specialists in response.
“I’m looking forward to a great selection of nominees to choose from, and I encourage everybody to nominate who they genuinely believe has added to governance, best practice and stewardship,” Fine added.
Who won last time
Last year’s winners included George Culmer, chair of Aviva; Tanuj Kapilashrami, Ned at Sainsbury’s; Leslie Van de Walle, board chair and Ned at the food manufacturer Greencore; and Karen Frank, chair of trustees and Ned at British Heart Foundation.
The lifetime achievement award went to Archie Norman, the M&S chairman and former chief executive and chairman of Asda.
Peel Hunt’s account of the 20th awards, held at Claridge’s in central London, also records Alys Carlton of the Football Association of Wales as the Dame Helen Alexander Ned to Watch, Ilse Howling of Frontier Developments in the FTSE Aim category, and Nicholas Thain of Amerge in the private and private equity-backed category.
The awards cover listed, private and not-for-profit boards. When the shortlist for the 2024 awards was published, it spanned FTSE 100, FTSE All-Share and FTSE Aim companies alongside private equity-backed firms and not-for-profit organisations, with the ceremony held at Claridge’s.
Nominations for the 2027 awards are submitted through the awards platform at nedawards.co.uk. They close on 8 November, with the shortlist due in early February and the winners named on 18 March 2027.
Business
Dow Jones Futures: Fed Meeting Ahead; Anthropic’s Amodei, OpenAI’s Altman, SpaceX’s Musk Call For AI Slowdown
Dow Jones futures will open Sunday evening with big artificial intelligence leaders calling for slowing AI model development, citing growing risks. Crude oil prices, Treasury yields and the upcoming Federal Reserve meeting also are in focus. The stock market fell last week, but rebounded Friday, with Apple (AAPL), Moderna (MRNA) and NetApp (NTAP) flashing buy signals. The S&P 500 index…
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Two More Rabid Raccoons Found in Bay Shore and Babylon as Suffolk County Cases Reach 44 Since 2025 Outbreak
Two more raccoons found in Bay Shore and Babylon have tested positive for rabies, Suffolk County health officials announced Friday, pushing the county’s running total of confirmed terrestrial rabies cases to 44 since the outbreak began in February 2025.
The Suffolk County Department of Health Services said it was notified of the positive lab results on Sept. 11 by the Wadsworth Center at the New York State Department of Health. Suffolk County Police Department Emergency Service Section officers located the Babylon raccoon and transported it for testing.
One resident exposed, no other reported contact
A Babylon resident came into contact with an ill raccoon on Sept. 9, sought medical care afterward, and remains in good health, health officials said. No other human or pet exposures were reported in connection with either of the two new cases.
Health officials reiterated their standing guidance urging residents never to touch, feed or attempt to move wild animals under any circumstances. Anyone who spots a raccoon or other wildlife behaving abnormally, including stumbling, approaching people without provocation, or being active during daylight hours, is asked to call the Suffolk County Police Department’s non-emergency line at 631-852-COPS or the New York State Department of Environmental Conservation at 631-444-0250.
How rabies spreads and why it’s dangerous
Rabies is transmitted through the saliva of an infected animal, typically through a bite or scratch. Left untreated following exposure, the disease is nearly always fatal in humans, though a course of post-exposure treatment is highly effective when administered promptly after potential exposure.
Suffolk County Health Commissioner Dr. Gregson Pigott has previously emphasized that the county had gone years without significant terrestrial rabies activity before the current outbreak began, noting increased opportunities for human-wildlife interaction as a contributing factor to the spread. “People are outside more. They’re walking around, gathering, and they have their pets outside. It’s more opportunity to interact with wildlife,” Pigott has said regarding the broader rise in cases across the county.
A steadily climbing case count since early 2025
Friday’s announcement continues a pattern of steadily accumulating cases that has defined Suffolk County’s rabies response for more than a year and a half. The outbreak, which health officials say marked the county’s first significant resurgence of terrestrial rabies in years, began in the Amityville area along the Nassau County border in early 2025 before gradually spreading to additional towns across the county, including Islip, Babylon, Huntington and Smithtown.
The case count has climbed steadily throughout that period, moving from a handful of confirmed animals in the outbreak’s earliest weeks to 39 cases by late August, and now to 44 as of this week’s announcement. Health officials have consistently urged residents to remain vigilant as the total has grown, particularly given how easily the disease can spread among the county’s dense raccoon population.
County’s vaccination effort targets wildlife directly
To help slow or stop the spread, Suffolk County has been conducting an oral rabies vaccination program, distributing wildlife baits throughout the towns of Babylon, Huntington, Smithtown and Islip from Sept. 8 through Oct. 1. The baits contain a vaccine that confers immunity to the disease once consumed by a raccoon, offering a method of reaching wild animal populations that cannot otherwise be directly treated.
County officials have described the distribution as a proactive measure aimed at containing the outbreak before it spreads further. In announcing the county’s broader vaccination strategy earlier this year, County Executive Ed Romaine framed the effort as a matter of public safety. “The safety of our residents is of vital importance, which is why we launched the Suffolk County Raccoon Rabies Control Program pre-emptively,” Romaine said.
Officials have said the distribution locations were selected specifically to form a containment ring around areas where the disease has already been confirmed, with the goal of preventing rabies from spreading into additional, previously unaffected parts of the county.
Additional protections for pets
Beyond the wildlife vaccination baits, the county has also moved to shore up protection among domestic animals. On Sept. 12, county officials announced free rabies vaccinations for dogs, cats and ferrets. Pet vaccination against rabies is required by law in New York, in part because domestic animals can serve as an additional vector for transmitting the disease to humans if exposed to infected wildlife.
Health officials have specifically flagged the risk posed by bats, which can occasionally come into contact with people and transmit the disease directly. According to county data, between 3% and 6% of bats tested in Suffolk County each year are found to carry rabies, underscoring the importance of keeping pet vaccinations current even outside the context of the current raccoon-focused outbreak.
What residents should do
Residents with pets are urged to confirm that their animals’ rabies vaccinations remain current, particularly given the county’s active outbreak status. Anyone who believes they or an animal has been exposed to a potentially rabid animal is advised to seek medical care immediately and then contact local health authorities to report the exposure.
With the vaccination bait distribution program continuing through Oct. 1 and case counts still climbing, Suffolk County health officials have indicated they will continue monitoring the outbreak closely, with additional public updates expected as new cases are confirmed by state laboratory testing in the weeks ahead.
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