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Sen. Elizabeth Warren (D-Mass.) expressed concerns on Monday over increased credit card spending, saying Americans are paying higher interest rates under the President Donald Trump administration.
Warren Targets Trump Over Credit Card Interest Rates
In an X post, Warren said Trump’s advisors are celebrating a surge in credit card spending, but Americans are feeling the pain of higher borrowing costs. She wrote, “Americans have paid over $150 billion extra because Trump failed to keep his promise to cap credit card interest rates at 10%.”
She pointed out that families are being charged an extra $368 million in interest …
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