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Trump proposes one-year, 10% cap on credit card interest rates amid bank opposition
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5.04 min18 hours ago

Trump proposes one-year, 10% cap on credit card interest rates amid bank opposition

President Trump advocates for a one-year, 10% cap on credit card interest rates, aiming to save Americans billions, but faces opposition from banks and industry groups who argue it could harm high-risk borrowers and reduce credit availability. Legislation supporting the cap is being considered, with some experts suggesting it could significantly lower interest costs for consumers.

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Celebrities Criticize ICE Following Minneapolis Shooting

Originally Published 1 day ago — by Billboard

The DHS criticized Billie Eilish for calling ICE a 'terrorist group' after she shared posts condemning the agency's actions in the Minneapolis shooting incident, where a woman was shot during an ICE operation. The DHS defended the officer’s actions as self-defense and accused Eilish of spreading 'garbage rhetoric,' amid widespread protests and backlash against ICE's immigration enforcement practices.

Trump's Unpredictable Impact on Global Finance and Wall Street

Originally Published 1 day ago — by Bloomberg.com

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Source: Bloomberg.com

The article discusses how President Trump is increasingly intervening in private sector decisions, pressuring companies on issues like defense spending, oil investments in Venezuela, and housing policies, which has caused concern among CEOs and altered traditional Republican business policies. Despite pushback from some businesses and lawmakers, Trump continues to seek influence over corporate actions, blending deregulation with populist interventions as he seeks political gains ahead of midterm elections.

Judge Blocks Trump and White House Cuts to Social and Childcare Funds in Democratic States

Originally Published 1 day ago — by The Guardian

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Source: The Guardian

A federal judge temporarily blocked the Trump administration's attempt to freeze billions in childcare and welfare funds for five Democratic-led states, citing lack of legal justification and immediate harm to low-income families, while the government claims the freeze is due to fraud concerns.

California's Billionaire Tax Sparks Exodus of Tech Giants

Originally Published 1 day ago — by Los Angeles Times

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Source: Los Angeles Times

California's proposed Billionaire Tax Act aims to impose a 5% one-time tax on billionaires residing in the state, prompting some of the wealthiest to consider relocating to avoid the tax, raising concerns about potential impacts on California's economy and public services.

Heritage Foundation Urges US to Focus on Marriage and Family

Originally Published 1 day ago — by abcnews.go.com

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Source: abcnews.go.com

The Heritage Foundation released a report urging the US to prioritize marriage and family, proposing initiatives like marriage preparation programs, a universal day of rest, and discouraging online dating, while advocating for policies that support traditional family structures and discourage single parenthood, reflecting its shift towards populist conservative ideals.

Heritage Foundation Advocates for Marriage and Family Initiatives

Originally Published 1 day ago — by Politico

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Source: Politico

The Heritage Foundation urges the US to prioritize marriage and family in policy, recommending executive actions to support traditional family structures, while critics argue for inclusive family support regardless of gender or biology. The report emphasizes the importance of marriage for child-rearing and criticizes IVF outside of marriage, aligning with some conservative political figures' focus on family policies.