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An unlikely duo works together in the Senate to do well President Donald Trump The promises of the campaign.
Sens. Bernie Sanders, I-Vt.and Josh Hawley, R-MO., presented a new bill for the credit card interest rate on Tuesday, which Trump had proposed temporarily during his 2024 presidential campaign.
“During the campaign, President Trump pledged to the credit card interest rate to ten percent,” Sanders said in a statement. “Today I am proud to have bipartisan legislation with Senator Hawley to do
Sanders accused financial institutions that charge more than 25% of interest in “extortion” and “loans” credit cards.
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An unlikely bipartisan duo is to propose a lid of the credit card interest rates, which Trump pledged to do on the campaign court. (Reuters)
“We cannot continue to allow large banks to gain great benefits that the North -American people get. This legislation will provide working families who are struggling to pay their bills with a desperate financial relief,” said their statement.
The bill would reduce rates to 10% effective immediately and remain in effect for five years.
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In his own statement, Hawley said: “North -Americans work on record credit card debt, while credit card issuers become richer and richer to the moon. ”
“It’s not just wrong, it’s exploitative. And it must end. Finishing the credit card interest rates to 10%, just as President Trump is a simple way to provide significant relief to people they work. ”
Trump took office on January 20. (Getty’s pictures)
Trump spoke of rates of fees during a September campaign rally during which he exhibited his economic agenda.
“While the North -Americans work, we will put a temporary lid on the credit card interest rates,” he said. “We will do it about 10%. We cannot let them do 25 and 30%.”
Sanders promised Spearhead’s legislation this year. (Pictures of Joe Maher/Getty for Fan)
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After Trump was elected, Sanders promised Spearhead The legislation to do it and followed on Tuesday.
The White House was asked if Trump is still studying this action and supporting the senators’ bill, but did not comment on Fox News Digital in time for publication.
