Trump announces plan to cap credit card interest rates at 10% for one year
Washington: US President Donald Trump on Friday announced plans to cap credit card interest rates at 10% for a period of one year, saying the move is aimed at easing affordability concerns for American consumers, The Times of India reported.
In a post on his Truth Social platform, Trump said credit card companies would no longer be allowed to charge interest rates of 20% to 30% or higher. He also criticised the previous Joe Biden administration for not checking high interest rates in recent years.
"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!"
According to Trump, the proposed cap would come into effect from January 20, 2026, and remain in place for one year. The date marks the first anniversary of his return to the White House as US president.
"Effective January 20, 2026, I, as President of the United States, am calling for a one-year cap on Credit Card Interest Rates of 10%," he said. He further wrote, "coincidentally, the January 20th date will coincide with the one-year anniversary of the historic and very successful Trump Administration."
The announcement comes as the Trump administration pushes measures aimed at easing financial pressure on American consumers. Earlier, the US government said it would purchase nearly $200 billion worth of mortgage-backed securities, a move officials said was intended to help bring down mortgage rates amid ongoing housing affordability concerns.
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Epstein files allege email claims about Bill Gates seeking antibiotics; foundation denies charges
Washington DC: fresh set of documents released as part of the Jeffrey Epstein files has triggered renewed attention after screenshots of alleged self-emails attributed to Epstein made claims involving Microsoft co-founder Bill Gates.
The screenshots, circulating online and reported by several outlets, purport to show Epstein writing to himself in July 2013, alleging that Gates had contracted a sexually transmitted disease during encounters with women described as “Russian girls” and had asked Epstein to arrange antibiotics to be given discreetly to his then wife, Melinda Gates. The documents also contain claims of personal disputes and alleged requests that Epstein delete certain emails.
The authenticity of the screenshots has not been independently verified. The allegations contained in them remain unsubstantiated and are disputed by context and prior public statements from Gates. There is no confirmation from official records that the claims are factual.
According to reports, the screenshots are part of a larger tranche of documents released by the United States Department of Justice, comprising hundreds of thousands of pages related to Epstein. Epstein, a convicted sex offender, died in a New York jail in 2019 while awaiting trial on federal sex trafficking charges.
The alleged email text includes Epstein expressing anger over Gates distancing himself from their relationship and claiming involvement in matters he described as morally or ethically inappropriate. The documents also reference marital tensions between Bill and Melinda Gates, though no independent evidence is provided to support the claims.
Bill Gates has previously acknowledged meeting Epstein and has said he regretted the association, while repeatedly denying any involvement in illegal or unethical activities. His philanthropic foundation has issued a strong denial in response to the latest claims, calling the allegations absurd and completely false.
Bill and Melinda Gates were married from 1994 until their divorce in 2021. Melinda Gates has publicly stated that Gates’s extramarital relationships and his association with Epstein were among the factors that led to the end of their marriage, without detailing specific allegations.
As with earlier Epstein-related disclosures, legal experts and media analysts have urged caution, noting that the presence of a name in released documents does not establish wrongdoing and that many claims in the material remain unproven.
