The BareStory
President Donald Trump delivered a national address from the White House this week, discussing the economy and his administration's first year in office. During the speech, he announced a one-time "warrior dividend" payment of $1,776 for over one million U.S. military service members.
According to a senior administration official, the bonuses will go to approximately 1.28 million active-duty members and 174,000 reservists, with the funds sourced from a military housing allowance appropriation. President Trump, however, stated the payments were funded by tariffs.
In his address, the president claimed his administration had lowered prices. The speech coincided with the release of new economic data, with one report showing that inflation dropped to its lowest level in months. In a news conference, Senate Minority Leader Chuck Schumer said that Democrats would make rising costs a key issue in the 2026 midterm elections.
In other government news, four House Republicans joined Democrats to vote for an extension of Affordable Care Act tax credits. On the international front, the Trump administration ordered a blockade of Venezuelan oil tankers. In response, Venezuela's president ordered his navy to escort the country's oil ships; he was also reported to have called the U.S. action a "grotesque threat."
Separately, several legal matters proceeded this week. Brian Walshe was sentenced to life in prison for the murder and dismemberment of his wife. In another case, Nick Reiner made his first court appearance on a double first-degree murder charge for the deaths of his parents. It was also announced on Wednesday that Dan Bongino is leaving his post as deputy FBI director.
How it may affect me
As a U.S. reader:
• Over one million military service members and reservists will receive a one-time payment of $1,776, providing a direct financial bonus to those households.
• An extension of Affordable Care Act tax credits may help keep health insurance premiums lower for some individuals who qualify for them.
• A U.S. blockade of Venezuelan oil tankers could affect oil supply, potentially leading to changes in gas prices for American consumers.
• A reported drop in inflation could mean a short-term slowing in the rising cost of goods and services.