Tariffs may be his trademark, but U.S. President Donald Trump's latest catchword is all about "affordability."
Reviving a campaign pledge, Trump recently said he wants a one-year, 10% cap on credit card interest rates, a move that could save Americans tens of billions of dollars, but which drew immediate opposition from an industry that has been in his corner.
Trump was not clear in his social media post Friday night whether a cap might take effect through executive action or by legislation, though one Republican senator said he had spoken with the president and would work on a bill with the president's "full support." Trump said he hoped it would be in place Jan. 20, one year after he took office.
The remarks came just days after the U.S. president floated a ban on major investors from buying single-family homes. Both appear to be a part of his "affordability" push, which comes in a year of the midterm elections, where Republicans aim to preserve 2024 gains, which led them to secure control of the upper chamber β the Senate β and to have a majority in the House
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