US politics
fromBusiness Insider
2 days agoTrump calls for a one-year 10% cap on credit card interest in a Truth Social post
A one-year cap of 10% on credit card interest will take effect January 20, 2026.
President Donald Trump said Thursday that he is instructing "representatives" to buy $200 billion in mortgage bonds, arguing the move would lower interest rates and monthly housing payments. In a Truth Social post, Trump said the directive was possible because Fannie Mae and Freddie Mac have "$200 billion in cash." He added the bond purchases would help "make the cost of owning a home more affordable."