# Trump's $5K Checks May Not Arrive

> Economist warns Trump's cash promises likely unfulfilled, debt crisis deepens
- Title: Trump's $5K Checks May Not Arrive · Fox News | Shortify
- Summary: Economist warns Trump's cash promises likely unfulfilled, debt crisis deepens Trump's $5,000 checks for Americans won't materialize due to fiscal…
- Keywords: trump, douglas holz-eakin, congressional budget office, federal reserve, us debt, tariffs, inflation, middle class, news, politics, Trump's, Checks
- Source: Fox News — https://foxnews.com/politics/trumps-5k-checks-could-join-stack-past-unfulfilled-promises-former-congress-budget-chief-warns
- Author: Peter D'Abrosca
- Published: 2026-09-17T00:00:00+00:00
- Read time: 1 min
- Topics: trump, douglas holz-eakin, congressional budget office, federal reserve, us debt, tariffs, inflation, middle class, news, politics
## Checks Unlikely to Arrive
Economist Douglas Holz-Eakin says Trump's $5,000 checks for Americans won't materialize, similar to past unfulfilled promises.

> So the president has promised a lot of checks, the most recent being five thousand dollars to every American if Republicans hold on to the House and Senate. We ever going to see these? Well, I don't think so.
## Fiscal Policy Concerns
Holz-Eakin, former Congressional Budget Office director, warns current economic policies are unsustainable with $40 trillion debt and rising inflation.

> We're forty one trillion in debt. The deficit is two trillion every year and it's getting larger. You can't just keep putting people on government programs.
## Tariffs and Economic Headwinds
Trump's tariffs and oil prices have created economic challenges, with inflation outpacing wages for middle-class families.

> The first headwinds were tariffs, second headwinds were the oil prices and fight with Iran, and we need to get past those battles.
## Federal Reserve Action
The Federal Reserve raised interest rates to combat inflation, contradicting Trump's push to lower rates for easier borrowing.

> Inflation remains elevated. Today's policy action will support a timelier return to the Committee's two percent goal.
## Debt and Deficit Crisis
U.S. debt hits $40 trillion with a $2 trillion annual deficit, making fiscal policy unsustainable without tax increases.

> We're forty one trillion in debt. The deficit is two trillion every year and it's getting larger.
## Economic Fixes Needed
Holz-Eakin proposes reducing spending and controlling debt without raising taxes to restore economic stability.

> I'd like to see a bit of a U-turn that got the debt under control, didn't spend quite so much money, and got through this without having to raise our taxes.
## Key takeaway

Trump's $5,000 checks for Americans won't materialize due to fiscal mismanagement