Bernie Sanders, Josh Hawley team up on Trump pledge to slash credit card rates to 10%
Fox News
A bipartisan bill is aiming to codify a campaign promise by Trump to cap credit card rates to 10%.
"During the campaign, President Trump pledged to cap credit card interest rates at ten percent," Sanders said in a statement. "Today, I am proud to be introducing bipartisan legislation with Senator Hawley to do just that." Julia Johnson is a politics writer for Fox News Digital and Fox Business, leading coverage of the U.S. Senate. She was previously a politics reporter at the Washington Examiner.
Sanders accused financial institutions that charge more than 25% interest on credit cards of "extortion" and "loan sharking." Follow Julia's reporting on X at @JuliaaJohnson_ and send tips to Julia.Johnson@fox.com.
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