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Scott Bessent 'Doesn't Know' Congress Has Power Over Trump's $5,000 Dividend Plans, Says Peter Schiff: 'Republicans Must Call for His Resignation'

Sep 16, 2026 · 03:25 AM ET· updated 1h ago
Scott Bessent 'Doesn't Know' Congress Has Power Over Trump's $5,000 Dividend Plans, Says Peter Schiff: 'Republicans Must Call for His Resignation'

Peter Schiff said the Constitution gives Congress the power of the purse over the proposed $5,000 dividend payments.

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Why It Matters

A leader said Congress controls money decisions, not just the president alone. This matters because big plans need Congress approval before they can happen.

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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.

Disclosure: Educational and informational purposes only. Not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.