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In an unexpected bipartisan effort, Senators Bernie Sanders (I-Vt.) and Josh Hawley (R-Mo.) have joined forces to introduce legislation aimed at capping credit card interest rates at 10%. This proposal aligns with a key campaign pledge made by President Donald Trump during his bid for reelection in 2024.
The bill, unveiled on Tuesday, seeks to provide immediate financial relief to millions of Americans burdened by high credit card debt. Sanders emphasized the urgency of the issue, referring to exorbitant interest rates as a form of