Sen.
Elizabeth Warren (D-Mass.) on Monday accused President Donald Trump of failing to deliver on his campaign promise to cap credit card interest rates at 10%, saying the delay has cost American families an additional $55 billion in interest payments.
Trump's Promise Remains Unfulfilled "According to The Century Foundation, every day that Trump fails to enforce his cap, American families rack up an additional $368 million in credit card debt," Warren said in a post on X.
The delay has now cost families about $55 billion in additional interest, Warren said, adding that the money could instead have funded universal pre-K, restored food assistance, supported rural hospitals or canceled medical and student debt for millions of Americans.
Donald Trump promised to cap credit card interest rates at 10% months ago.
