By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Pew PatriotsPew PatriotsPew Patriots
Notification Show More
Font ResizerAa
  • Home
  • News
  • Tactical
  • Guns and Gear
  • Prepping & Survival
  • Videos
Reading: Bernie Sanders, Josh Hawley team up on Trump pledge to slash credit card rates to 10%
Share
Font ResizerAa
Pew PatriotsPew Patriots
  • News
  • Tactical
  • Guns and Gear
  • Prepping & Survival
  • Videos
Search
  • Home
  • News
  • Tactical
  • Guns and Gear
  • Prepping & Survival
  • Videos
Have an existing account? Sign In
Follow US
Bernie Sanders, Josh Hawley team up on Trump pledge to slash credit card rates to 10%
News

Bernie Sanders, Josh Hawley team up on Trump pledge to slash credit card rates to 10%

Jimmie Dempsey
Last updated: February 4, 2025 9:08 pm
Jimmie Dempsey Published February 4, 2025
Share
SHARE

An unlikely duo is working together in the Senate to make good on one of President Donald Trump’s campaign pledges. 

Sens. Bernie Sanders, I-Vt., and Josh Hawley, R-Mo., introduced a new bill on Tuesday to cap credit card interest rates at 10%, which Trump had proposed doing temporarily during his 2024 presidential campaign. 

“During the campaign, President Trump pledged to cap credit card interest rates at ten percent,” Sanders recalled in a statement. “Today, I am proud to be introducing bipartisan legislation with Senator Hawley to do just that.” 

Sanders accused financial institutions that charge over 25 percent interest on credit cards of “extortion” and “loan sharking.” 

TULSI GABBARD ADVANCES OUT OF INTEL COMMITTEE IN BOOST TO CONFIRMATION ODDS

“We cannot continue to allow big banks to make huge profits ripping off the American people. This legislation will provide working families struggling to pay their bills with desperately needed financial relief,” his statement concluded. 

The bill would cap rates at 10% effective immediately and stay in effect for five years. 

‘OVERDOSE EPIDEMIC’: BIPARTISAN SENATORS TARGET FENTANYL CLASSIFICATION AS LAPSE APPROACHES

In his own statement, Hawley said, “Working Americans are drowning in record credit card debt while the biggest credit card issuers get richer and richer by hiking their interest rates to the moon.” 

“It’s not just wrong, it’s exploitative. And it needs to end. Capping credit card interest rates at 10%, just like President Trump campaigned on, is a simple way to provide meaningful relief to working people.” 

ELIZABETH WARREN GRILLED RFK JR ON DRUG COMPANY MONEY, BUT RECEIVED OVER $5M FROM HEALTH INDUSTRY

President Trump sits in the Oval Office

Trump talked about capping rates during a September campaign rally during which he laid out his economic agenda. 

“While working Americans catch up, we’re going to put a temporary cap on credit card interest rates,” he said. “We’re going to cap it at around 10%. We can’t let them make 25 and 30%.”

SEN. TILLIS OPENS UP ABOUT ROLE IN PETE HEGSETH’S CONFIRMATION AFTER HEGSETH’S EX-SISTER-IN-LAW’S ALLEGATIONS

Sen. Bernie Sanders

After Trump was elected, Sanders promised to spearhead legislation to do that and followed through on Tuesday. 

The White House was asked whether Trump is still considering this action and if he supports the senators’ bill, but did not provide comment to Fox News Digital in time for publication. 



Read the full article here

You Might Also Like

Acting ICE director says agency will ‘ramp up’ raids if sanctuary jurisdictions don’t cooperate

Trump pressures 4 GOP senators ahead of anti-Canadian tariff vote, accusing them of ‘TDS’

Liberals rage after Daniel Penny acquitted in NYC subway chokehold case

Comedian says American pride is back: ‘It feels like we have a president who is putting America first’

Senate Republican DOGE leader Joni Ernst faces first Democratic challenger in 2026 race

Share This Article
Facebook Twitter Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We Recommend
Lawsuit filed against Kansas law nullifying end-of-life choices for pregnant women
News

Lawsuit filed against Kansas law nullifying end-of-life choices for pregnant women

Jimmie Dempsey Jimmie Dempsey May 31, 2025
EXCLUSIVE: Nancy Mace dismisses ‘burner’ account allegations as ‘bitter exes’ tale
Violent assault on off-duty NYPD rookie uncovers tensions with police safety and force protocols
DOGE slashes over $5 million by cutting thousands of unused software licenses
Patrick Mahomes says Travis Kelce ‘doesn’t seem like a guy’ who’s retiring soon
Marine restrains man allegedly trying to open plane’s emergency exit during flight
China launches Tianwen-2 space probe to collect samples from asteroid near Mars
News

China launches Tianwen-2 space probe to collect samples from asteroid near Mars

Jimmie Dempsey Jimmie Dempsey May 31, 2025
‘Imminent’ threat? Hegseth escalates tone on China in key Asia speech
Tactical

‘Imminent’ threat? Hegseth escalates tone on China in key Asia speech

Jimmie Dempsey Jimmie Dempsey May 31, 2025
California track and field championship sees arrest and aerial banner amid transgender controversy
News

California track and field championship sees arrest and aerial banner amid transgender controversy

Jimmie Dempsey Jimmie Dempsey May 31, 2025
Pew Patriots
  • News
  • Tactical
  • Prepping & Survival
  • Videos
  • Guns and Gear
2024 © Pew Patriots. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?