Former President Donald Trump announced Friday that he would offer every adult American $5,000 if the Republican party secures victories in the upcoming midterm elections. The pledge was made during the Republican party's first-ever convention held in the middle of a U.S. presidential term.

Trump did not offer any specifics regarding the mechanism for distributing the funds or how the initiative would be financed. He also stated that the conflict with Iran would not conclude until after the midterm elections.

This statement comes as the midterm elections approach, a critical juncture for both major political parties in the United States. The election results will determine control of Congress and influence the political landscape for the remainder of the current presidential term.