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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“Modi has opened his legs for Israel,” says US journalist during broadcast
New Delhi: A remark made by an American journalist about Prime Minister Narendra Modi’s foreign policy stance towards Israel has triggered discussions online after a clip from a recent broadcast went viral on social media.
Ana Kasparian, co-host and executive producer of the progressive US news programme The Young Turks (TYT), made the comment while discussing Israel’s influence on global alliances and the foreign policies of various countries.
During the segment, Kasparian said: “It looks like Narendra Modi opening up his legs to Israel. Congratulations.”
The statement came in the context of a broader discussion by the programme’s hosts on Israel’s relations with global powers. Kasparian and her co-host Cenk Uygur criticised what they described as one-sided alliances with Israel and argued that such partnerships could draw countries into conflicts in the Middle East.
The discussion also touched on India’s growing strategic ties with Israel, including cooperation in defence, technology and agriculture. Some foreign media outlets have recently highlighted India’s positions in international forums, including votes related to the Gaza situation at the United Nations, as evidence of a shift in its traditional foreign policy stance.
The clip from the broadcast has circulated widely on social media platforms, with users in India and abroad sharing and debating the remark. Some users translated the comment into Hindi and other languages, further expanding its reach online.
Kasparian has previously drawn criticism from pro-Israel groups for her comments on the Israel-Gaza conflict. Her remarks in the latest broadcast have also prompted mixed reactions online, with some users condemning the language used and others engaging in discussions about India’s foreign policy alignment.
Dear @narendramodi ,
— Roshan Rai (@RoshanKrRaii) March 5, 2026
Look what this American Journalist is calling you.
Unacceptable, please send a team of Delhi Police to Los Angeles and get her arrested ASAP under NSA.
pic.twitter.com/F7TqlV54Lz
