US Treasury Secretary Scott Bessent on Sunday said that President Donald Trump's plan to pay citizens $2,000 each would require approval from the Congress.

Donald Trump has recently said that he would pay $2,000 to each US citizen with the money it is earning from tariffs.

“We need legislation for that,” he added. Also Read | $2,000 tariff dividend may skip high-income families, Treasury Secy suggests

While the US has collected billions in tariffs, Scott Bessent admitted that paying every US citizen except the rich would require a lot of money.

“It’s a lot of money,” he told the TV channel.

“But we’ve taken in a lot of money from tariffs. The tariffs allow us to give a dividend,” the Treasury Secretary added.

Bessent said that “we’re also going to be reducing debt.”

Speaking

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