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2026-10-12T18:03:00.000Z

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South Korean stocks fall 7% over AI concerns

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11 Hrs2026-10-13T09:52:00.000Z
South Korean stocks fall 7% over AI concerns

UAE Gold Prices Update October 13

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11 Hrs2026-10-13T09:46:00.000Z
UAE Gold Prices Update October 13

KOSPI Falls 7% Amid Semiconductor Losses

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16 Hrs2026-10-13T04:41:04.000Z
KOSPI Falls 7% Amid Semiconductor Losses

Novak: Diesel exports to surpass 3 million tons monthly by 2026

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21 Hrs2026-10-12T23:24:00.000Z
Novak: Diesel exports to surpass 3 million tons monthly by 2026

Global debt surpasses 100 percent of GDP

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22 Hrs2026-10-12T22:44:00.000Z
Global debt surpasses 100 percent of GDP
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Trump's $1.2 Trillion Pledge and Midterms

Trump's $1.2 Trillion Pledge and Midterms

The article reports that former U.S. President Donald Trump pledged to distribute $5,000 to every adult citizen in the United States if the Republican Party wins both the House of Representatives and the Senate in the midterm elections. The estimated cost of this promise amounts to about $1.2 trillion, a figure that exceeds the defense budget for fiscal year 2026 and would significantly increase the government deficit. Although the announced funding is supposedly based on revenue from tariffs, these revenues are insufficient to cover the distributions, especially after the Supreme Court’s decision to halt some tariffs. Polls show a decline in voter confidence regarding the implementation of this promise, as a large portion of the public doubts the ability to actually issue the checks. The promise has also become entangled in debates over whether it is a political move to buy votes and questions about how sustainable its financial cost truly is.

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