Commerce Secretary Howard Lutnick said President Trump's proposed $5,000 dividends for U.S. adults would not be financed with taxpayer money or the deficit. Trump announced the payments at the GOP's midterm convention, making them conditional on Republicans retaining control of both chambers of Congress. The plan would distribute $1.2 trillion to roughly 270 million U.S. adults. Lutnick pointed to potential revenue from the proposed Trump Platinum Card, which has not launched, and gains on the federal government's Intel investment. White House National Economic Council Director Kevin Hassett also suggested a reconciliation package could provide funding. The proposal has drawn criticism from Florida Gov. Ron DeSantis, who warned that borrowing to inject about $1.5 trillion into the economy could fuel inflation.