(WASHINGTON) — Treasury Secretary Scott Bessent said Sunday that there is no formal proposal from the White House to defund the Affordable Care Act and instead send money directly to Americans, despite a social media post from President Donald Trump on Saturday promoting such a plan.

“The president has also come forward with a new proposal overnight, saying it’s time, instead, to do away with Obamacare and said to have the money go directly to the people. Do you have a formal proposal to do that?” ABC News’ “This Week” anchor George Stephanopoulos.

“We don’t have a formal proposal,” Bessent said.

But pressed by Stephanopoulos about whether such a plan would be proposed to the Senate, Bessent said that the administration was not proposing it “right now.”

Bessent also hedged when asked a

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