US President Donald Trump has promised a $5,000 payment to every American adult if Republicans retain control of both chambers of Congress in the November midterm elections, making an extraordinary financial pledge as the party seeks to rally voters ahead of the poll.

Speaking at the Republican National Committee's midterm convention in Dallas, Texas, Trump described the proposed payment as a “dividend” and urged his supporters to treat the election as if he himself were on the ballot. Trump is not personally contesting the midterm election.

The proposal, however, comes without a detailed explanation of how the federal government would finance or administer such a large-scale payment. Reuters reported that providing $5,000 to every eligible adult could cost approximately $1.35 trillion.

Trump Links Payment to Republican Victory

Trump said the payment would be made if Republicans maintain control of both the House of Representatives and the Senate after the November election.

He presented the plan as a benefit arising from what he described as the country's strong economic performance. Trump also said there would be a condition attached to the money: recipients would have to spend it within the United States.

The announcement was made during a convention designed to energise Republican voters and candidates ahead of the November 3 midterm elections.

Funding Details Remain Unclear

One of the biggest questions surrounding the proposal is where the money would come from.

Trump did not provide a detailed funding plan during his announcement, instead arguing that the United States was generating substantial amounts of money. The scale of the proposed programme would make it a major federal spending commitment.

The Associated Press reported that the payment could cost more than $1 trillion and would require congressional approval. It also noted that tariff revenue has been discussed as a possible funding source, although current tariff collections would not be sufficient on their own to cover a payment of this size.

A Major Campaign Promise Before Midterms

The pledge comes at a critical point in the 2026 US political calendar. All 435 House seats are up for election, while control of the Senate will also be contested. The elections are scheduled for November 3.

Trump has made himself the central figure in the Republican campaign, despite not appearing on the ballot. His message at the Dallas convention was aimed at encouraging voters to see the election as a referendum on his administration and Republican control of Congress.

The unusual midterm convention itself has placed considerable attention on Trump's role in the Republican campaign.

Questions Over Economic Impact

The proposed $5,000 payment could have significant economic implications if implemented, particularly because of its enormous fiscal cost.

The United States is already dealing with high federal debt and a substantial budget deficit. Critics have questioned whether a programme of this scale could be financed without adding pressure to government finances.

The AP described the pledge as a “Trump Dividend” and noted that its implementation would face substantial fiscal and legislative questions.

Trump Seeks to Mobilise Republican Voters

Trump's announcement also reflects his broader strategy of making the 2026 midterms closely associated with his presidency.

At the Dallas convention, he urged supporters to “pretend” that he was on the ballot and framed Republican success as essential to advancing his political agenda.

For now, however, the $5,000 payment remains a campaign proposal rather than an approved federal programme. Its final value, eligibility rules, funding source and implementation would depend on legislation and congressional action.

With the midterm elections approaching, the pledge is likely to become a major point of debate over both Trump's economic agenda and the fiscal priorities of a potential Republican-controlled Congress.

US President Donald Trump has predicted that the war with Iran will end “immediately after” the November midterm elections, arguing that Tehran will no longer be able to withstand American economic pressure.

Trump made the remarks on Wednesday as the conflict entered its seventh month and the United States and Iran exchanged fresh attacks around the Strait of Hormuz. He also accused Iran of trying to influence the outcome of the November 3 elections by prolonging the conflict.

“I think war is going to end immediately after the election because they can't hold out any longer,” Trump told reporters before travelling to the Republican National Convention in Dallas.

The prediction comes as the war continues to affect energy markets and has become an increasingly important political issue ahead of the US midterms.

Trump Links War Timeline to November Vote

Trump suggested that Iran was attempting to influence American voters by keeping the conflict going but said Tehran would ultimately be unable to sustain the pressure.

He also indicated that oil prices would fall after the election if the war ends. However, Trump acknowledged that diplomatic negotiations remain possible, although he said talks were not currently his preferred option.

The November elections are particularly significant for Trump's administration because voters will decide whether Republicans retain control of Congress.

The president's comments therefore place the expected end of the conflict directly alongside a major domestic political milestone.

White House Advisers Reportedly See Longer War

Trump's confident prediction contrasts sharply with reports about private assessments within his administration.

According to a Wall Street Journal report cited by Reuters, senior advisers including Vice President JD Vance and Secretary of State Marco Rubio have privately warned that Iran could continue resisting US pressure and that the conflict could potentially last through the remainder of Trump's presidency, which ends in January 2029.

The White House did not immediately respond to Reuters' request for comment on the report.

The differing assessments highlight the uncertainty surrounding the conflict's eventual outcome. While Trump expects a rapid end after the midterms, senior officials are reportedly preparing for a much longer confrontation.

IAEA Refers Iran Nuclear Issue to UN

The military confrontation has also been accompanied by growing diplomatic pressure over Iran's nuclear programme.

The International Atomic Energy Agency's Board of Governors voted on Wednesday to refer Iran's nuclear non-compliance to the United Nations Security Council. The resolution passed with 23 votes in favour, while Russia, China and Niger voted against and eight countries abstained.

The move marks the first time in two decades that the IAEA board has taken such action against Iran.

Iran has rejected the allegations and argued that continued military operations make normal inspections of its nuclear facilities difficult.

Fighting Around Strait of Hormuz Intensifies

The latest escalation has also centred on commercial and military shipping around the Strait of Hormuz, one of the world's most important energy routes.

The United States said it destroyed five Iranian oil tankers after Iranian forces targeted US naval assets. Iran subsequently attacked several ships near the waterway, in the biggest recent wave of attacks on shipping since the conflict began.

The confrontation has already pushed global oil prices sharply higher. Brent crude moved above $100 a barrel on Wednesday for the first time since July, raising fresh concerns about inflation and the cost of fuel, transport and other goods.

War Creates Political Pressure for Trump

The prolonged conflict is increasingly becoming a domestic political liability for the Trump administration.

Higher energy prices and rising living costs are adding to voter concerns, while Trump's approval ratings have weakened amid frustration over the war and the broader cost-of-living crisis. Reuters reported that the November midterms are widely viewed as a referendum on Trump's leadership.

At the same time, there is no clear evidence that the conflict will automatically end after the election.

With Iran continuing to resist US pressure, fighting spreading across several regional theatres and oil markets under strain, Trump's prediction of an immediate post-election conclusion remains a political forecast rather than an established timeline.

US President Donald Trump's political fundraising network has amassed more than $400 million in cash reserves, significantly strengthening Republican campaign efforts ahead of the 2026 US midterm elections. The latest filing with the Federal Election Commission (FEC) shows that the Trump-aligned MAGA Super PAC has dramatically expanded its financial resources, positioning it as one of the most influential political spending organizations in the country.

The fundraising milestone comes at a critical time, as Republicans prepare to defend their narrow majorities in both the House of Representatives and the Senate, with several closely contested races expected to determine control of Congress.

Campaign War Chest Crosses $400 Million

According to the FEC filing, the MAGA Super PAC ended June 2026 with more than $400 million in cash, up from approximately $300 million at the beginning of the year.

The substantial increase provides Republicans with significant financial resources months before voters head to the polls in November. Political analysts believe the committee's large cash reserve will enable extensive spending on television advertisements, digital campaigns, grassroots outreach, and voter mobilization efforts in key battleground states.

Super political action committees (Super PACs) are permitted to raise and spend unlimited amounts of money to support or oppose political candidates, provided they operate independently and do not coordinate directly with official campaign organizations.

Billionaire Donors Boost Fundraising

The latest fundraising report highlights continued support from several high-profile and wealthy contributors.

Among the notable donors is NASA Administrator Jared Isaacman, who contributed $1 million to the committee.

Cryptocurrency entrepreneurs Tyler Winklevoss and Cameron Winklevoss each donated $10 million, with FEC records indicating that both brothers sold portions of their Bitcoin holdings to finance their contributions.

The donations underscore Trump's continued ability to attract major financial backing from influential business leaders despite an increasingly competitive political environment.

Republicans Aim to Protect Congressional Control

The Republican Party currently holds slim majorities in both chambers of Congress, making the 2026 midterm elections particularly significant for President Trump's legislative agenda.

Control of the House and Senate could depend on a relatively small number of competitive races, increasing the importance of campaign funding and political advertising.

The MAGA Super PAC played a major role during the 2024 presidential election, spending nearly $377 million to support Trump's successful White House campaign and Republican candidates across the country.

Party strategists expect the organization to remain central to Republican campaign efforts throughout the 2026 election cycle.

Political Challenges Remain

Despite its fundraising success, the Trump administration enters the midterm campaign facing several political challenges.

Public opinion surveys have indicated declining approval ratings in recent months, driven by concerns over the US-Israel-Iran conflict, rising energy prices, and broader economic pressures affecting American households.

Democrats are expected to focus heavily on these issues while campaigning to regain control of Congress.

Political observers note that although fundraising alone cannot determine election outcomes, substantial financial resources allow campaigns to communicate more effectively with voters, expand outreach operations, and respond rapidly to political developments.

High-Stakes Midterm Battle Ahead

With more than $400 million already available months before Election Day, the MAGA Super PAC enters the campaign season with one of the largest political war chests in recent US history.

The fundraising advantage is expected to play a crucial role in competitive House and Senate contests, where even a handful of closely fought races could determine which party controls Congress after the November elections.

As campaigning intensifies in the coming months, both Republicans and Democrats are expected to increase fundraising efforts, making the 2026 midterms one of the most closely watched electoral contests in recent years.