President Donald Trump on Monday called Sen. Elizabeth Warren (D-Mass.) after she slammed him in a speech criticizing his efforts to address rising costs.
“After my speech, the President called me, and I delivered this same message on affordability to him directly,” Warren said in a statement. “I told him that Congress can pass legislation to cap credit card rates if he will actually fight for it.”
The president on Friday via Truth Social called for a one year cap of 10 percent for credit card interest rates in the name of affordability, starting Jan. 20.
Warren, in a previous statement, said she told Trump a year ago that she would work on legislation to cap interest rates.
In her speech on Monday at the National Press Club on the Democratic party’s future, Warren said she made clear that if the president “really wants to get something done, including capping credit card interest rates or lowering housing costs, he would use his leverage and pick up the phone.”
A White House official confirmed the call to POLITICO but didn’t comment on what was discussed.
The Democratic lawmaker also said she urged Trump to put pressure on House Republicans to pass the Senate’s bipartisan legislation aimed at addressing housing costs.
Trump previously gave his nod of approval to the Senate’s massive, bipartisan housing package. However, the House Financial Services Committee has been hard at work advancing their own major housing legislation, with a floor vote expected in the next several weeks.
Leave a Reply