Johnson questions Trump's 10% credit-card cap, signaling House hesitancy
House Speaker Mike Johnson cast doubt on President Trump's plan to cap credit-card interest at 10%, warning it could backfire by reducing lending and borrowing. He said Congress would likely not act on the idea, signaling significant political and economic hurdles despite Trump’s focus on lowering living costs. Credit-card rates have risen, and supporters say a cap could save consumers money, though it would likely come at the cost of rewards programs and lending activity.