White House National Economic Council director Hassett downplayed worries that President Trump’s proposal to send $5,000 checks to every U.S. adult would exacerbate record-high borrowing. “We can do this in a fiscally responsible way. This is a serious proposal,” Hassett said, adding the administration could pursue it via budget reconciliation to sidestep minority opposition. Asked about offsets — the plan would add more than $1tn as federal debt approaches record highs — he said they “must be n

White House National Economic Council director Hassett downplayed worries that President Trump’s proposal to send $5,000 checks to every U.S. adult would exacerbate record-high borrowing. “We can do this in a fiscally responsible way. This is a serious proposal,” Hassett said, adding the administration could pursue it via budget reconciliation to sidestep minority opposition. Asked about offsets — the plan would add more than $1tn as federal debt approaches record highs — he said they “must be negotiated with Congress.” Analysts are skeptical and senior House and Senate GOP leaders have been cool to the idea.