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Elizabeth Warren and Donald Trump Had a Phone Call About Credit Card Rates (Yes, Really)

MarketDash Editorial Team
5 hours ago
Senator Elizabeth Warren blasted Trump's economic policies in a speech, challenging him to actually fight for lower costs. Then Trump called her, and they discussed capping credit card rates and housing affordability.

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Here's a strange twist in Washington politics: Senator Elizabeth Warren (D-Mass.) spent Monday morning torching President Donald Trump's economic record at the National Press Club, and by the afternoon, they were on the phone together.

Warren's Challenge to Trump

"This morning, I gave a speech noting how Donald Trump is driving up costs for families, sowing terror and chaos in our communities, and abusing his power to prosecute anyone who criticizes him," Warren said in a statement.

Her main critique? Trump promised to lower costs "On Day One" but "has done nothing but raise costs for families." Warren threw down a direct challenge: if Trump actually wants action on issues like capping credit card interest rates or lowering housing costs, he should "pick up the phone."

So Trump Picked Up the Phone

Apparently, he took her literally. Trump called Warren after the speech, and she delivered the "same message on affordability to him directly."

"I told him that Congress can pass legislation to cap credit card rates if he will actually fight for it. I also urged him to get House Republicans to pass the bipartisan ROAD to Housing Act, which passed the Senate with unanimous support and would build more housing and lower costs," Warren said.

A White House official confirmed the call to The Hill, describing it as "productive." "President Trump and Sen. Warren had a productive call about credit card interest rates and housing affordability for the American people," the official said in a statement.

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The Credit Card Rate Battle

This unusual exchange happened days after Trump demanded that credit card companies cap interest rates at 10% for a year. In a Friday post on Truth Social, he wrote, "Please be informed that we will no longer let the American Public be 'ripped off' by Credit Card Companies that are charging Interest Rates of 20 to 30%, and even more, which festered unimpeded during the Sleepy Joe Biden Administration. AFFORDABILITY!"

Warren, who sits on the Senate Banking Committee, has labeled Trump's credit card rate cap promises as empty and criticized his actions on the Consumer Financial Protection Bureau, calling him a fraud. Yet somehow, they're now talking. Whether this leads to actual legislation or just another chapter in Washington's ongoing drama remains to be seen.

Elizabeth Warren and Donald Trump Had a Phone Call About Credit Card Rates (Yes, Really)

MarketDash Editorial Team
5 hours ago
Senator Elizabeth Warren blasted Trump's economic policies in a speech, challenging him to actually fight for lower costs. Then Trump called her, and they discussed capping credit card rates and housing affordability.

Get Market Alerts

Weekly insights + SMS alerts

Here's a strange twist in Washington politics: Senator Elizabeth Warren (D-Mass.) spent Monday morning torching President Donald Trump's economic record at the National Press Club, and by the afternoon, they were on the phone together.

Warren's Challenge to Trump

"This morning, I gave a speech noting how Donald Trump is driving up costs for families, sowing terror and chaos in our communities, and abusing his power to prosecute anyone who criticizes him," Warren said in a statement.

Her main critique? Trump promised to lower costs "On Day One" but "has done nothing but raise costs for families." Warren threw down a direct challenge: if Trump actually wants action on issues like capping credit card interest rates or lowering housing costs, he should "pick up the phone."

So Trump Picked Up the Phone

Apparently, he took her literally. Trump called Warren after the speech, and she delivered the "same message on affordability to him directly."

"I told him that Congress can pass legislation to cap credit card rates if he will actually fight for it. I also urged him to get House Republicans to pass the bipartisan ROAD to Housing Act, which passed the Senate with unanimous support and would build more housing and lower costs," Warren said.

A White House official confirmed the call to The Hill, describing it as "productive." "President Trump and Sen. Warren had a productive call about credit card interest rates and housing affordability for the American people," the official said in a statement.

Get Market Alerts

Weekly insights + SMS (optional)

The Credit Card Rate Battle

This unusual exchange happened days after Trump demanded that credit card companies cap interest rates at 10% for a year. In a Friday post on Truth Social, he wrote, "Please be informed that we will no longer let the American Public be 'ripped off' by Credit Card Companies that are charging Interest Rates of 20 to 30%, and even more, which festered unimpeded during the Sleepy Joe Biden Administration. AFFORDABILITY!"

Warren, who sits on the Senate Banking Committee, has labeled Trump's credit card rate cap promises as empty and criticized his actions on the Consumer Financial Protection Bureau, calling him a fraud. Yet somehow, they're now talking. Whether this leads to actual legislation or just another chapter in Washington's ongoing drama remains to be seen.

    Elizabeth Warren and Donald Trump Had a Phone Call About Credit Card Rates (Yes, Really) - MarketDash News