Trump Defends Economy

Benzinga

Trump defended his economic record in a prime-time speech and announced a $1,776 “warrior dividend” for active-duty troops funded by tariff revenue, as critics pointed to persistent inflation and rising unemployment.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Trump delivered a primetime speech marking nearly one year in office,

00:06defending his economic record and announcing a $1,776 warrior dividend for active duty

00:13service members funded by tariff revenue, according to the Wall Street Journal.

00:17He said eligible military members would receive the payment before Christmas and credited tariffs

00:22for rising customs revenue. Trump pointed to legislation extending tax cuts, boosting defense

00:28and border spending, and reducing domestic spending, while claiming prices for some goods

00:33had fallen. Democrats criticized the speeches out of touch, as inflation remains above the

00:38Federal Reserve's 2% target and unemployment rose to 4.6% in November. Trump also said he plans to

00:45name a new Fed chairman who supports lower interest rates and predicted lower mortgage payments next

00:50year. For all things money, visit Benzinga.com.

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