Bloomberg Surveillance · Friday, September 11, 2026
Monica Guerra of Morgan Stanley advises clients not to anticipate $5,000 checks from the government, even if Republicans win the midterms. She points out that even within the GOP, there is strong opposition to such a move due to deficit concerns and budget hawks, making it highly unlikely to pass Congress.
“We're telling them to essentially don't hold your breath at this point.”
“And because of the. Legislature and the makeup of it, you have even in the Senate a GOP voice very strongly saying that this is unlikely. So even if you do have the GOP hold Congress, it's still going to be a high hurdle because of deficit.”
“No. When you're thinking about tax, budget, you have to have Congress involved in that. That is their constitutional authority, right, essentially. navigating that process of interstate commerce, which includes taxes and spending. So you have to have that.”