Senator Elizabeth Warren: President Trump's broken promise on credit cards
Senator Elizabeth Warren criticizes President Trump for failing to cap credit card interest rates, which could save American families significant money.
Senator Elizabeth Warren points out that President Trump has failed to fulfill his promise regarding reducing credit card interest rates, despite being over four hundred days into his second term. This lack of action could lead to considerable savings for American families, who are currently facing increasing costs of living. With inflation affecting various sectors such as groceries, housing, and utilities, many Americans feel that the President has not done enough to alleviate financial burdens.
Warren emphasizes that capping credit card interest rates at 10% would not only provide much-needed financial relief to individuals struggling with debt but could also stimulate the economy by saving families a collective $100 billion annually. This figure translates to about $900 in savings for the average American with credit card debt, serving as vital support in a challenging economic landscape.
The article reveals a growing sentiment among voters indicating dissatisfaction with Trump's economic policies, especially as the recent Supreme Court ruling noted the illegal appropriation of funds from working families. As the State of the Union approaches, Warren suggests that instead of highlighting successes, Trump should prioritize tangible actions that can provide immediate relief to the American populace burdened by escalating costs.