India, Nov. 17 -- Treasury Secretary Scott Bessent provided an update regarding President Donald Trump's initiative to distribute $2,000 checks to Americans funded by tariff revenue.

Speaking to Fox Business on Sunday, Bessent said that legislation would be necessary to distribute the tariff dividends, but he emphasized that working families are expected to experience an increase in their pay during the first quarter of the upcoming year due to anticipated tax reductions on tips, overtime, and Social Security.

"We are going to see a big bump in the first quarter with the refunds and the real income. President Trump has also talked about sending $2,000 refunds, and that would be for working families, we will have an income limit, those c...